TL;DR
-
FTX’s new CEO, John J. Ray III, needs to relaunch the alternate
-
This is the argument in opposition to the transfer: centralized crypto exchanges require quite a lot of consumer belief, and FTX ab.so.lute.ly nuked that belief when it collapsed final 12 months.
-
This is the argument in favor of the transfer: to coax customers again to the platform, FTX would should be so stupidly protected, clear, and compliant…it might change into a promoting level.
-
Is that this sufficient? In all probability not. However this concept is just being floated within the hopes that FTX can substitute its customers’ misplaced funds, and make them complete once more.
Full Story
Keep in mind when Myspace got here again from the useless and began taking market share from Fb?
In fact you do not! It by no means occurred.
The thought of that taking place makes extra sense to us than the potential revival of FTX – but it surely is not stopping FTX’s new CEO, John J. Ray III, from toying with the thought!
This is the argument in opposition to the transfer:
Centralized crypto exchanges require quite a lot of consumer belief, and FTX ab.so.lute.ly nuked that belief when it collapsed final 12 months.
A MASSIVE rebrand (the likes of which have not been seen) could be wanted to vary peoples’ intestine response once they hear the letters f-t-x muttered in succession.
And whereas crazier issues have occurred, all of it feels too quickly for one thing like this to have a half-decent margin of success.
This is the argument in favor of the transfer:
FTX 2.0 could be probably the most extremely scrutinized exchanges on the market.
To coax customers again to the platform, they’d should be so stupidly protected, clear, and compliant…that it might change into a promoting level.
The gross sales pitch being:
“Sam Bankman-Fried is gone, the adults have taken the wheel – and so they cannot afford to upset you!”
Is that this sufficient?
In all probability not.
However this concept is just being floated within the hopes that FTX can substitute its customers’ misplaced funds, and make them complete once more.
With that in thoughts, we’ve got our fingers/toes crossed that ol’ John J. can pull of the magic trick.
…that stated, we’re not holding our breath.
