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The reason FTX got to #2 exchange in only 3 years is because they were using customer funds and leverage to grow rapidly. If they hadn't done this they might ha
by TimJRobinson 4y ago
The reason FTX got to #2 exchange in only 3 years is because they were using customer funds and leverage to grow rapidly. If they hadn't done this they might have been much smaller. There are hundreds of exchanges now, most work exactly as you describe but don't make headlines because they don't grow rapidly then collapse.