Who will win, FTX or BINANCE?

[tvplus006]

I don’t 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.

[Punakawan]

Binance is currently in control of the market, of course it is difficult to be able to defeat binance, but many things that happen and unexpected and in my opinion the competition Exchanges will make a loss that investors are more afraid and panic so they prefer to sell assets rather than hold.

[Eureka_07]

I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

From what happened, I don't think there is a winner, users of FTX lost a lot of money. Now if you are referring to exchange company competition, Binance already won over FTX, the reason is obvious, FTX got bankrupt, and it was because of the large volume of users withdrawing their money out of their exchange platform, of course, it was triggered by the recent issue.

[abel1337]

I don’t 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.  

[uneng]

I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

From what happened, I don't think there is a winner, users of FTX lost a lot of money. Now if you are referring to exchange company competition, Binance already won over FTX, the reason is obvious, FTX got bankrupt, and it was because of the large volume of users withdrawing their money out of their exchange platform, of course, it was triggered by the recent issue.

Binance remains as the biggest exchange in the world with its reputation intact. Without any doubts Binance is the winner among all exchanges. Every mistake commited by an CEO is immediately commented and condemned by CZ from Binance on his Twitter account. It is like he has been dictating the rules and guidelines on how to operate the business in a professional, responsible and sustainable way. Even though the whole crypto ecosystem suffers with companies' bankrupticies, including Binance, they are probably the ones who are going to be most benefited as soon as this FUD's wave go away.

[posi]

I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

From what happened, I don't think there is a winner, users of FTX lost a lot of money. Now if you are referring to exchange company competition, Binance already won over FTX, the reason is obvious, FTX got bankrupt, and it was because of the large volume of users withdrawing their money out of their exchange platform, of course, it was triggered by the recent issue.

There are still a lot of people who have not been able to withdraw their money and it can be said that the number is very large. FTX crashes not because users massively withdraw money, but because they take users' money to do their own work and now they have no money left to return to users.
Binance is not the winner of this battle but SBF won, he has appropriated a lot of money from many investors in the world and he is still outlawed.

[Pamadar]

There should be no competition between winning and losing, FTX looks like it really needs help to protect its users.  The call was answered by Binance, which agreed to sign a letter of intent to acquire.  and the latest news officially cancels the acquisition.  they should help each other to create positive sentiment in cryptocurrencies

What happened to FTX is outright fraud on an unprecedented scale.
SBX and Caroline Alameda are bad actors and menace in the crypto space.

This is a scary time for new investors but this could actually be a good time to buy more Bitcoin at a discount.
Wealth is created during bear markets, not bull markets

Scary indeed, especially those who are not doing their research and just stepping inside the market without knowing the fundamentals, what will happen now is still unsure.

You need to make a good call if you are capable of investing more money collecting good project
while the market is still down, take your chance if you are aiming for long-term investment, the
news might hurt the market still but in the long run bounce back will take place.

[Bitstar_coin]

I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

At least now you know who the real big dog is, and i hope you know there was nothing like FUD, after all, it was clear to the whole world how ftx gambled with investors money, CZ don't need to fud any exchange just to get the upper hand, his way of handling business already does that.
Unfortunately, people don't like to face the truth head on, not everyone who talk the talk can walk the walk bro. This is a perfect example of that.

[MFahad]

I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

Already Binance won while Ftx has been fully damaged and regret that most of Ftx users lost so much. This why regulations is so compulsory for these Centerlize exchanges otherwise no one will invest big in cex. I am safe now but it's very bad for whole Crypto.

[roslinpl]

FTX already get out of the race.You should be updated with some knowledge about the recent news.FTX scammed huge people by making them to trust.Over a year,they created huge trust among the people and traders.When they reached some maximum then they expected.They just sign out with the huge profit to their pocket.Binance was good enough.Expect their future trading affected huge people.

[kelonmusk]

Like the previous few weeks, CZ's tweets had a huge impact on the market. Even after his tweet yesterday, the price of BTC has fallen by 10%. Now it seems that every word this man says has a lot of effect on investors.

I think Binance will survive. This will continue to grow, and influence the industry to look for bigger innovations. In the crypto industry, not only Binance, competition is a good thing for crypto business.

[Majestic-milf]

I won't still keep FTX in the race because Sam filed for bankruptcy after his friend and business rival, Chang backed out of the deal to salvage the company. As it is, John Ray lll, the new CEO of FTX sees the company's corporate control policy as a complete failure.
 Sam keeps coming from one problem and entering another. Presently, I can't compare the two; even if Sam still has some funds stored up in God knows where, he can't beat CZ.

[fortunecrypto]

Like the previous few weeks, CZ's tweets had a huge impact on the market. Even after his tweet yesterday, the price of BTC has fallen by 10%. Now it seems that every word this man says has a lot of effect on investors.

He always has influence in the market, whether we like the man or not he will continue to cast influence in the market because of the many innovations he introduces in the industry, he is always there when the market is crashing to assure investors and warn investors of the many dangers that affect the market.

I think Binance will survive. This will continue to grow, and influence the industry to look for bigger innovations. In the crypto industry, not only Binance, competition is a good thing for the crypto business.

For the industry to survive we need many players like Binance and CZ who can cast a positive influence on the industry.

[fuguebtc]

I won't still keep FTX in the race because Sam filed for bankruptcy after his friend and business rival, Chang backed out of the deal to salvage the company. As it is, John Ray lll, the new CEO of FTX sees the company's corporate control policy as a complete failure.
 Sam keeps coming from one problem and entering another. Presently, I can't compare the two; even if Sam still has some funds stored up in God knows where, he can't beat CZ.

Sam is a scammer, he has deceived people by using FTX money transferred to Alameda to carry out other business activities without notifying any shareholders or investors. If CZ does not speak out soon to expose Sam's lies, sooner or later with his lack of transparency business activities, he will soon go bankrupt. Like you said, even John Ray lll, the new CEO of FTX, can't believe that FTX has lasted so long with Sam's way of running it.

[Heulahee]

There will be a big loss of crypto or even traders if we see some rivalries in the site of Crypto. Binance is still on top, it can recover as much as it wants, but the problem is with FTX. It losses a lot, which can't be covered now if we think so.

[devil2man]

Now is certainly ftx is insolvent will never recover, instead binance is at the top as usual a solid exchange with large liquidities two sides of the same coin unfortunately the story of ftx will distance many enthusiasts and investors from the world of crypto

[Silberman]

I won't still keep FTX in the race because Sam filed for bankruptcy after his friend and business rival, Chang backed out of the deal to salvage the company. As it is, John Ray lll, the new CEO of FTX sees the company's corporate control policy as a complete failure.
 Sam keeps coming from one problem and entering another. Presently, I can't compare the two; even if Sam still has some funds stored up in God knows where, he can't beat CZ.

Sam is a scammer, he has deceived people by using FTX money transferred to Alameda to carry out other business activities without notifying any shareholders or investors. If CZ does not speak out soon to expose Sam's lies, sooner or later with his lack of transparency business activities, he will soon go bankrupt. Like you said, even John Ray lll, the new CEO of FTX, can't believe that FTX has lasted so long with Sam's way of running it.

Correct, many people are trying to blame CZ for what happened, but why should he be responsible for the criminal way in which the FTX exchange was managed? If anything as it has been stated by the new CEO it is surprising it lasted as long as it did, the bankruptcy of FTX was inevitable, now we need to wonder if there are other exchanges that are in such a bad shape and until that happens the best thing we can do is to stay away from exchanges as much as possible as the possibility of contagion is quite high.

[Jaered]

Well, I guess that really aged well. Hindsight they say, is always 20/20.Now that SBF and FTX are down and out, what have we learnt? Well, what I did learn is that nothing is guaranteed in crypto. Hell, nothing is guaranteed in life. Only guaranteed element is death

[Dimitri94]

I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

If the crypto exchange owner or someone else is defeated, the state of all altcoins could be worse. As a result, investors will be the most affected in the market. The current market conditions are so bad that there is no prospect of improvement. I think we need to get rid form the Hostile mentality.

[Diego San Diego]

Binance … FTX is trying to buy Voyager rn … so they have a lot of money tied up in that … The main thing here is that investors will loose for sure:(
I wish these guys stop their ego which is killing many investors present and future.