FTX Exchange, Blobkfolio Trading , Serum DEX... What's Going On!

Battle in the Crypto Exchange field is getting hotter in preparation for the upcoming bull run.

Agressive marketing efforts from Crypto.com Exchange, Zero fee trading model by Digitex, Zero Deposit & Withdrawal fee + zero Maker fee by FTX.... I've lost the track of so many new crypto Exchanges who are eyeing to become the market leader in this field. Aside these, there comes several Decentralized Exchanges (DEXes) with Automated Market Makers like Uniswap & SushiSwap (on Ethereum), JustSwap (on Tron), DefiBox (on EOS) ...and today, a DEX is being launched by Project Serum on Solana blockchain with crossblockchain swaps.

The innovations in terms of technology as well as in marketing has been phenomenal in this sector. FTX being super innovative has recently launched an UNISWAP-PERP index for trading futures that comprises 100 Uniswap pools. Centralized Exchanges launching their own blockchains, Stable coins, Exchange coins and what not ...it has reached to an extent where all these have started to add to some sort of confusion in my mind. Crypto users are being spoiled by too many choices ....LOL!

I wonder who's gonna win this race! Eventially, there will come a consolidation phase of mergers and acquisitions.

Or has that already started?

In April we saw Binance acquiring biggest crypto tracking website CoinMarketCap for a whopping amount ($400M by some reports) .

And this week the leading crypto tracking app Blockfolio was acquired by FTX for $150M.

A war-scale user acquisition battle is going on in this market. With over 6M loyal crypto users that contributes to 150M page views every month; Blockfolio is a great acquisition for the ambitious FTX Exchange.

In less than 2 years of its existence, FTX Exchange has become the top Exchange by liquidity and 7th largest by trade volume. Decentralized derivative Exchange Project Serum is also promoted by FTX.

And now Blockfolio is planning to integrate retail trading into its app with FTX's deep liquidity. Blockfolio says that it will keep functioning as independent entity despite the acquisition and will responsibly protect users private data. (Well, CMC also stated something like that but messed up its Exchange ranking metrics).

Anyway, if you want to pre-register for Blockfolio's soon to be launched retail trading product, you can submit your email using my referral link (No assured reward but only a chance to win crypto and prizes).

And did you signed up for FTX exchange using my referral link ...or Crypto.com using my referral link ...or to OKEx? 🤣

Umm, I myself am not loyal to any single Exchange these days ...so keep throwing my referrals. But hey, no harm in earning some good referral rewards in the process.

Let's see, where all these leads. So far competition is healthy, it's good for all of us!