Proceedings of the 2025 7th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2025)

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Cross-Market Spillover Effects of the FTX Collapse

Authors
Genyuan Xu1, *
1Shenzhen University, Audencia Financial Technology Institute, Shenzhen, 518000, China
*Corresponding author. Email: 2300512016@Email.szu.edu.cn
Corresponding Author
Genyuan Xu
Available Online 15 February 2026.
DOI
10.2991/978-94-6463-996-4_15How to use a DOI?
Keywords
FTX Collapse; Spillover Effects; Event Study; Cryptocurrency
Abstract

This thesis examines the spillover effects of the FTX collapse event on the cryptocurrency market as well as other financial markets. Representative indices of the capital market, currency market, gold market, energy market, and cryptocurrency market are selected, and abnormal returns as well as cumulative abnormal returns are estimated for each market using short-term time analysis, and the results show that during the selected event window (November 2, 2022 to November 17, 2022), the FTX collapse produces significant negative spillover benefits on the cryptocurrency market, positive spillover effects on the gold market, a positive spillover effect on the gold market, a slight negative spillover effect on the energy market, and essentially no spillover effect on the capital and currency markets. It indicates that although the FTX collapse was a devastating blow to the cryptocurrency market, it did not have a significant impact on the traditional financial market. In addition, due to the unique safe-haven properties of the gold market, the crisis had a positive impact on the gold market.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 7th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
15 February 2026
ISBN
978-94-6463-996-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-996-4_15How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Genyuan Xu
PY  - 2026
DA  - 2026/02/15
TI  - Cross-Market Spillover Effects of the FTX Collapse
BT  - Proceedings of the 2025 7th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2025)
PB  - Atlantis Press
SP  - 174
EP  - 183
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-996-4_15
DO  - 10.2991/978-94-6463-996-4_15
ID  - Xu2026
ER  -