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Symmetrick

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Quote from: shahzadafzal on November 15, 2022, 01:25:13 AM

Sorry Ratimov, yes take over did happen... but in reverse :p

FTX did a great job of convincing people that it was a powerful and growing company, but that wasn't the case. I'm somewhat disappointed at how quickly she died, given her recent stats. A year ago, I would have bet any money that such a large exchange could not have disappeared from the crypto radar so quickly.

It is a pity that the exchange is no more, because at some points it had some convenient features and good withdrawal fees.

Symmetrick

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Quote from: bbc.reporter on April 25, 2022, 11:07:17 PM

It appears that FTX might become the most dominant major player in the American crypto market hehehe. Sam Bankman Fried and also his VC and market making team at Alameda Research are presently beginning to conquer everything. There was an article that Alameda market makers are the largest borrowers of USDT, rumored to control more than 33% of USDT issued

It became clear back in 2021 that FTX was serious about switching places with Binance. Time is running out for Binance, but to give them their due, the exchange has been at the top of the crypto Olympus for 3 years now. Decent result.

Since I adhere to the theory that FTX and Binance are projects of the same large corporation, they decided to put FTX in the lead due to Binance's frequent problems with regulators and other legal problems. It's probably easier to swap exchanges and bring FTX to #1 among exchanges than trying to fix all Binance's problems. FTX's expansion is gaining momentum and they are entering into a lot of partnership agreements and buying various services, and the trading volume is constantly increasing.

What can not be said about Binance. For almost a year, Binance has been associated with some kind of bans, restrictions, the introduction of KYC for all users, the closure of representative offices in different countries, etc. All this affects the popularity of the exchange and its trading volumes. By the way, it is already possible to observe how Binance trading volumes fall to 6 billion per day.

Symmetrick

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Quote from: Xal0lex on March 21, 2022, 01:27:49 PM

FTX has decided to master the crypto markets of Europe and is already aiming for the spot crypto market of England.

FTX’s European head plots ‘cautious’ expansion into UK market

This move is quite understandable. FTX continues to expand in the crypto industry, but the choice of the spot direction was chosen due to restrictions by the UK government on access to derivative instruments for retail investors.

I think the opening of new European divisions by the FTX exchange will also appear with enviable regularity.

Not surprised by this news at all. FTX has been aiming to become a leader among cryptocurrency exchanges for a long time, so they will try to occupy all possible niches and markets, especially where their main competitor, Binance, does not exist. In the European market, Binance has not received the appropriate license in many places, FTX representations may appear there. Last year I asserted and continue to assert that the king will soon be overthrown.

Timelord2067

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Time to lock this thread perhaps?

Daltonik

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Quote from: shahzadafzal on November 15, 2022, 01:25:13 AM

Quote from: ?? on ??

I still expect FTX to take over from Binance soon.

Sorry Ratimov, yes take over did happen... but in reverse :p

There are big fears that Binance may be the next CEX, we learned after the fact that FTX Ventures and Alameda Research participated in investment rounds of 225 companies.

shahzadafzal

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Quote from: ?? on ??

I still expect FTX to take over from Binance soon.

Sorry Ratimov, yes take over did happen... but in reverse :p

bbc.reporter

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This might be the weirdest partnership in the cryptospace hehe. What is FTX's plan in their partnership with a chain of video game and electronics retail company? FTX might be speculating on play to earn and NFTs next after organizing themselves as one of the largest cryptocoin and derivatives exchange. I am also quite certain this will not only be about FTX giftcards.

Video game firm GameStop (GME) is partnering with Sam Bankman-Fried’s crypto exchange FTX.US to promote interaction between the gaming and crypto community.

The deal unites GameStop, one of the key players in the meme-stock craze of a year and a half ago, with one of the leading crypto exchanges.

The two companies will promote e-commerce and marketing initiatives, while certain GameStop retail stores will carry FTX gift cards, according to a statement Wednesday. GameStop is also being given the label of FTX’s “preferred” retail partner in the U.S.

Deal terms weren’t disclosed.

Read in full https://sports.yahoo.com/gamestop-partners-crypto-exchange-ftx-203033710.html

bbc.reporter

legendary

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I speculate FTX might surpass Binance and become the biggest cryptocoin exchange and derivatives platform in the world on 2024. Also, with Sam Bankman Fried's political connections, FTX.us might use regulations to also surpass Coinbase in America.

In any case, if you are looking for altcoins to speculaton on for the next bull market, follow FTX and Alameda Research. They support Stargate Finance and the new project called Aptos which is speculated to be a Solana replacement hehehe.

Crypto exchange FTX has disclosed that its revenue skyrocketed to more than 1000% last year courtesy of the bull market that saw Bitcoin soaring to a record peak of $69,000, and pushing the company’s revenue from just under $90 million in 2020 to balloon to over $1 billion the following year.

Sam Bankman-Fried, FTX CEO, has confirmed a CNBC story that the company’s income grew by 1,000% as a result of a rising crypto market and a slew of acquisitions. The gain was attributed to the company’s global trading operation.

According to forecasts, FTX might make up to $1.1 billion this year. Documents also revealed that at the end of 2021, the company held nearly $2.5 billion in cash and had profit margins of 27%.

Source https://bitcoinist.com/crypto-exchange-ftx-revenue-up-1000/

Daltonik

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FTX Exchange FZE, a subsidiary of FTX, became the first company to receive a permanent MVP license from the Dubai Virtual Assets Regulatory Authority (VARA) for the provision of digital currency exchange services, as well as the license makes it possible to provide custodial services, manage the NFT marketplace and perform the function of a clearing house.

Source: https://www.reuters.com/business/finance/ftx-wins-full-approval-operate-crypto-exchange-dubai-2022-07-29/

bbc.reporter

legendary

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It appears that FTX might become the most dominant major player in the American crypto market hehehe. Sam Bankman Fried and also his VC and market making team at Alameda Research are presently beginning to conquer everything. There was an article that Alameda market makers are the largest borrowers of USDT, rumored to control more than 33% of USDT issued.

In any case, has anyone tried using FTX.us before? How good is it if compared with Coinbase or Binance.us?

Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, met Goldman Sachs (GS) CEO David Solomon in the Caribbean to discuss potential collaborations between the two firms, the Financial Times reported Thursday.

The two chief executives discussed Goldman Sachs advising FTX, which was valued at $32 billion in January, on future funding rounds and taking a role in a potential initial public offering (IPO), according to the report, which cited people familiar with the matter.

Source https://www.coindesk.com/business/2022/04/21/goldman-sachs-eyes-collaboration-with-crypto-exchange-ftx-as-ceos-meet-report/

Daltonik

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FTX US has reached a strategic agreement to invest in IEX Group, as reported by the partner, this creates a market structure for the purchase, sale and trading of digital asset securities. The deal between IEX and FTX US is scheduled to close in May 2022 if it is approved by the regulator.

Source: https://twitter.com/IEX/status/1511338901167824905

Daltonik

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FTX, together with CoinShares, announced the planned inclusion in the main German market of Xetra (a division of Deutsche Börse) in the listing of Solana ETP (ticker SLNC) with physical bets with an initial capital of $1 million, with a fixed staking fee of 3% p.a., while the management fee will be 0% p.a.

CoinShares and FTX announce partnership with the launch of CoinShares FTX physical staked Solana ETP

Xal0lex

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FTX has decided to master the crypto markets of Europe and is already aiming for the spot crypto market of England.

FTX’s European head plots ‘cautious’ expansion into UK market

This move is quite understandable. FTX continues to expand in the crypto industry, but the choice of the spot direction was chosen due to restrictions by the UK government on access to derivative instruments for retail investors.

I think the opening of new European divisions by the FTX exchange will also appear with enviable regularity.

Daltonik

legendary

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FTX CEO Sam Bankman-Fried told bloomberg that the FTX exchange has received a license in Dubai and plans to open a headquarters in the emirate and will also offer complex derivatives with centralized clearing for the institutional market.

Source: https://www.bloomberg.com/news/articles/2022-03-14/crypto-exchange-ftx-wins-license-and-plans-regional-hq-in-dubai
or you can read from the archive: https://archive.fo/wApH1

Daltonik

legendary

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FTX reported that it is creating a charitable foundation to which it directs $100 million and expects that up to $1 billion. The fund's funds will be used to invest in what they call "ambitious projects to improve the long-term prospects of humanity," I think this is a timely initiative considering what is happening now.

Source: https://ftxfuturefund.org/announcing-the-future-fund/

Daltonik

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FTX has become interested in the gaming segment and is likely to launch its own gaming division. The structure is designed to facilitate the introduction of cryptocurrencies, blockchain and NFT by game publishers into their products.

Source: https://www.bloomberg.com/news/articles/2022-02-21/ftx-enters-gaming-as-backlash-grows-against-crypto-s-incursion?sref=AACmJ2tc
since reading is available only by subscription, you can use reading the news archive: https://archive.fo/Zpfed

Daltonik

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It seems that FTX will increase volumes much more as they report that they have reached an agreement on the acquisition of the Japanese cryptocurrency exchange Liquid and its subsidiaries. The amount of the transaction was not disclosed, its closure is expected by March 2022.

Source: https://blog.liquid.com/acquisition-liquid-ftx

bbc.reporter

legendary

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FTX’s valuation has reached $32 billion after the exchange received $400 million in series C funding. I reckon their valuation is almost as big as Coinbase’s valuation which presently might be $38 billion. This is very good for them! FTX has less than 200 employees compared to Coinbase which has more than 1000 employees.

However, did Binance reach their size with only a funding of $15 million from their ICO? CZ’s accomplishments presently continues to be the most impressive.

Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary about a sharp pullback in crypto prices.

Source https://www.cnbc.com/2022/01/31/crypto-exchange-ftx-valued-at-32-billion-amid-bitcoin-price-plunge.html

Daltonik

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Quote from: Timelord2067 on January 17, 2022, 06:51:13 PM

Yeh, bittrex is another exchange that just geo blocks, cuts off all means to communicate then ignore

Sham really...

Yes, too, at one time at the end of 2017, I had a problem with depositing funds on bittrex, which, however, was resolved favorably for me in the end, but it took more than two months and only after contacting the Better Business Bureau with a complaint regarding the bittrex exchange, which did not transfer funds to the deposit.

Timelord2067

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Ordinarily I wouldn't leave many funds in an exchange, but I'd managed to amass decent bags of alts (usually donated) but it wasn't viable to start vet another blockchain on my PC (and no paperwallet to speak of), so when ya gotta park the crypto somewhere, an exchange is the way to go.

Quote from: logfiles on January 17, 2022, 06:34:19 PM

bittrex

Yeh, bittrex is another exchange that just geo blocks, cuts off all means to communicate then ignore

Sham really...

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