Topic: ㅤ - page 3. (Read 734 times)

I didn't have FTX on my radar for quite a while. Just noticed them when I found out they took over Blockfolio. Does anyone know how much they acquired Blockfolio for? Just asking out of interest. Definitely a business to watch as it seems!

Sam Bankman-Fried is also in the cover of Forbes magazine. The other cryptoexchange owner who made the cover is Changpeng Zhao of Binance. Binance became the biggest exchange after that with BNB pumping from $1.00 during the bear market to $600 during the present bull market. I speculate the best investment to buy during the next bear market is FTT.

Indeed, it was discussed in the F1 topic here and here.

I've even put there a nice image where FTX is visible:


I guess it wasn't cheap, but it is visible and imho it's a big deal, especially after crypto.com entering F1 and (hopefully) making more people read about crypto.

I speculate that Sam knows that he is opening a new method for moving tokens to avoid the SEC’s policies and regulations. NFTs is art and business dealings with art and the art industry is not strictly regulated by the SEC. Clearly this will make NFT markets become bigger than Defi.

FTX CEO announced the addition of a new function for issuing non-interchangeable tokens (NFT) on the main and American platforms. All NFTs will be cross-chain compatible with Ethereum and Solana. Deposits and withdrawals will be opened within a few weeks.


upd: And about the possibility of interaction with the OpenSea platform. When asked by user @paulcr2009 if it would be possible to deposit existing collections from OpenSea, Sam Bankman Fried's answer was: "Soon".

@Ratimov. FTX will never have a shortage of marketing and promotion. They have partnered with the Miami Heat, Major League baseball, an esports team and they also have Tom Brady and the sexy wife Gisele Bundchen as major investors hehehe. Sam might become the Jeff Bezos of the cryptospace.

Also I received this reply after I mentioned that FTX might be the Binance killer hehehe. It appears that much of the people in the forum will be shocked to learn about FTX.



I will create a thread for [FTT] speculation when it pumps to $100 hehehehe.

Agreed on your prediction on FTT. I have also argued that FTT might be a good token to hold during bear markets in the altcoin speculation subforum, however, there were much disagreements about this hehe. I reckon that they might not have considered FTX’s buy and burn system which appears to be growing.

Also, much of the people did not consider that the buy back system might be another method of indirect form of revenue for holding FTT. If the exchange revenue grows, the buy backs of FTT will also grow.

It should be noted that FTX is actually the App Blockfolio that recent changed the skin of the blockfolio app and it is now called FTX. 

As to the Blockfolio/FTX app, nothing has changed.  The app is still full of inaccuracies in so far as it lists exchanges such as Nova,  Cryptopia and even AEX (to name but a few) as sources to poll prices of the crypto assets in you portfolio.

What has changed however, is the addition of the FTX exchange as a method of polling crypto prices (even ones that aren't listed on their exchange) so they're probably polling the figures from elsewhere, collating, then repackaging as their own product.

I haven't tried at add Derivatives or other stocks on the stock market, (I have an App called Delta that already does that) however, a while ago a stock by the name of GameStop saw their price jump into the hundreds of dollars - I have a small bag of an alt coin called GameCoin whose symbol is GME which just happens to be the same as GameStop (GME).  Without any prior notification, Blockfolio (now FTX) changed the logo from GameCoin (GME) to GameStop (GME) and now polls the prices for GameStop (GME).

So now I appear to have over $100,000,000 worth of GameStop (GME) when in fact I own GameCoin (GME) which are not listed on any exchange and are worthless. 

Blockfolio (now FTX) arbitrarily changed the type of commodity with the symbol GME without telling anyone.

Indeed, losing liquidity can easily become a problem for Binance, although I didn't feel in yet. But I also don't use Binance that much... I'm not a trader.
But - although they are not to be trusted - the volumes shown by Binance are still at a different level of magnitude than the opponents, whether it's Huobi, OKEX, Coinbase or FTX.
It won't be easy for FTX to claim #1.

When you first replied me (some weeks/months ago) about FTX pushing to replace Binance I was like "who?!"; I didn't hear about FTX before, somehow I managed to completely miss their rise.
Meanwhile I've read more and indeed, they push quite hard to grow, since indeed, it's a good moment for a change.

On the other hand.. I don't know, FTX looks like yet another very KYC friendly exchange, hence I see no big difference between filling KYC at Binance or leaving vs filling KYC at FTX or avoiding it.

Imho this should have been posted here. FTX is growing:

I think that FTX certainly has a lot of merits over sites like Bitmex and Deribit which don't have the offerings of FTX tokens.

FTX tokens have also outperformance Binance tokens substantially over the same time period because they don't have the variable leverage offerings. I think that is definitely a bonus as well.

Hopefully they don't get cracked down on like the other derivatives exchanges previously because they do provide a pretty good user experience.

Main advantage for FTX exchange is the fact that they don't charge any fees for withdrawing Bitcoin from their account to your own wallet, but limits are very low for unverified account without kyc verification.
Giving higher limits would probably put them in the same trouble boat with Binance and draw more attention of regulators on them, so they are still managing to balance that.

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