4 ms·

FTX was #2 globally. Binance is #1. I'm not sure exactly what ranking mechanism is used to determine that, but that seems to be consensus from a variety of sour

FTX was #2 globally. Binance is #1. I'm not sure exactly what ranking mechanism is used to determine that, but that seems to be consensus from a variety of sources.

Nathanba 4y ago
I've never even heard of FTX and I've been in the crypto space for many years. Binance however was always near the top since it came out. There was one american exchange that used to be nr.1 but became irrelevant after they weren't allowed to serve non-americans anymore. I can't remember the name and it isn't in the top 300 anymore, maybe they had to shut down. EDIT: I just checked and FTX was only founded 3 years ago
- jjitz 4y ago
  I hate to gatekeep, but I find it pretty impossible that you are "in the crypto space" in any meaningful sense but somehow have not heard of FTX. That's like being "in the crypto space" but not knowing what Ethereum is.
  - jcpham2 4y ago
    Unfortunately I can echo the crypto space sentiment for as long as such an expression can exist I’ve never touched Bitfinex/FTX/Binance or any exchange that allows options or leverage. I am a US citizen. Bitstamp Gemini or Coinbase are the only ones I’ll touch And I’m pissed off that coinbase removed the BTC/USDC trading pair because it had low volume Why will I not touch them? That’s a long story but I see history repeating itself - fractional reserve Bitcoin banks paying ponzi interest
    - BLKNSLVR 4y ago
      How about Kraken? They've weathered a few winters.
      - jcpham2 4y ago
        Kraken I trust but I've never used. For perspective, I've traded roughly a million dollars worth of BTC specifically. Most of that was as the knife was falling after the 2017/2018 ATH. DCA-ing since then, selloff at the top in 2021, pull my limit sell orders, let it crash. Doing it again now, kinda hard not to take advantage of deflationary 4-year super cycles
  - Semaphor 4y ago
    Never heard of FTX either until this whole implosion happened. I’m certainly not super active in crypto, but it seems to me there are worlds between Binance and FTX.
    - grey-area 4y ago
      Binance is also incredibly dodgy and will also collapse along with buttoned, tether and multiple other frauds in this space.
  - dncornholio 4y ago
    It's absolutely possible to have missed FTX. It really isn't that well known or hyped. It's certainly not comparable to Ethereum....

FTX was #2 globally. Binance is #1. I'm not sure exactly what ranking mechanism is used to determine that, but that seems to be consensus from a variety of sources.

Nathanba 4y ago

I've never even heard of FTX and I've been in the crypto space for many years. Binance however was always near the top since it came out. There was one american exchange that used to be nr.1 but became irrelevant after they weren't allowed to serve non-americans anymore. I can't remember the name and it isn't in the top 300 anymore, maybe they had to shut down. EDIT: I just checked and FTX was only founded 3 years ago

jjitz 4y ago
I hate to gatekeep, but I find it pretty impossible that you are "in the crypto space" in any meaningful sense but somehow have not heard of FTX. That's like being "in the crypto space" but not knowing what Ethereum is.
- jcpham2 4y ago
  Unfortunately I can echo the crypto space sentiment for as long as such an expression can exist I’ve never touched Bitfinex/FTX/Binance or any exchange that allows options or leverage. I am a US citizen. Bitstamp Gemini or Coinbase are the only ones I’ll touch And I’m pissed off that coinbase removed the BTC/USDC trading pair because it had low volume Why will I not touch them? That’s a long story but I see history repeating itself - fractional reserve Bitcoin banks paying ponzi interest
  - BLKNSLVR 4y ago
    How about Kraken? They've weathered a few winters.
    - jcpham2 4y ago
      Kraken I trust but I've never used. For perspective, I've traded roughly a million dollars worth of BTC specifically. Most of that was as the knife was falling after the 2017/2018 ATH. DCA-ing since then, selloff at the top in 2021, pull my limit sell orders, let it crash. Doing it again now, kinda hard not to take advantage of deflationary 4-year super cycles
- Semaphor 4y ago
  Never heard of FTX either until this whole implosion happened. I’m certainly not super active in crypto, but it seems to me there are worlds between Binance and FTX.
  - grey-area 4y ago
    Binance is also incredibly dodgy and will also collapse along with buttoned, tether and multiple other frauds in this space.
- dncornholio 4y ago
  It's absolutely possible to have missed FTX. It really isn't that well known or hyped. It's certainly not comparable to Ethereum....