Quote from: tvplus006 on Today at 01:14:15 PM

Quote from: Liz Truss on November 08, 2022, 02:20:15 PM

I dont know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

It wasn't a competition, so there won't be a winner here. But we can definitely say that due to the collapse of FTX, reputational damage was caused to the entire crypto industry. And since the problem has not been solved, we may soon see another bankruptcy of companies that were affiliated with FTX.

if we talk about business, I can see that everyone is trying to compete with each other that's why exchanges are still improving. Features are added by the leading competitor and the other ones are trying to copy, improve it and try to make the implementation more better. Though I think in the case of FTX and Binance, I can see less competition from them given that CZ knows that the whole market will gonna be affected. Crypto is now on a dire situation and this can change crypto on the upcoming months given that there will be a possible regulation on government laws about cryptocurrency to avoid another FTX incident again.