FTX has dominated the cryptocurrency headlines in recent days, and not for a good reason. Even if FTX survives these tumultuous times, the once-powerful brand will take a big hit. Here are five alternatives to FTX for investors to consider.
FTX and Sam Bankman-Fried were two names that stood the ravages of time in this booming cryptocurrency market. Sam, better known simply as SBF, was (is? maybe still is?) something of a legend in the industry.
The 30-year-old former multi-billionaire recently bought a Super Bowl ad for his cryptocurrency exchange empire FTX, which may soon be a thing of the past.
But despite the lack of any positive news about cryptocurrency this year, investor appetite for digital assets remains strong. Investing in cryptocurrency is the exact opposite of trading Apple options on the day to profit for quick profits. It is in the very long term.
Nevertheless, here are five alternatives (in no particular order) to FTX for investors to consider. In addition, the independent team at bitcoincasinos21.com has prepared an overview of the best crypto casinos of 2022 for you.
1. EToro
Cryptocurrency exchange giant eToro (read Invezz's full review here) boasts an impressive range as they also provide access to other asset classes. The company reached a valuation of $10 billion when it made a deal to go public with a SPAC backed by Betsy Cohen. Even though eToro has postponed its plan to list its shares on the stock exchange, the company's reputation is as strong as ever today.
2. Gemini
Gemini is somewhat similar to FTX as they were founded by another famous crypto figure: the Winklevoss twins. The twins are well known for being security conscious and friendly to beginner investors. One of the highlights of the Gemini review is that it is regulated in the United States, which gives it an extra level of legitimacy among investors.
3. Binance
Binance announced a strategic investment in FTX back in 2019, and this week was able to buy out the remaining stake. Regardless of the outcome of the recent merger talks between FTX and Binance (which don't look too hot, according to our latest reports), Binance itself operates the largest cryptocurrency exchange by some metrics, making it one of the best choices for investors.
4. Bitfinex
Bitfinex stands out among the crowded universe of cryptocurrency trading and advertises itself mainly as a platform for intermediate and experienced-level traders. Founded in 2012, Bitfinex has stood the test of time (10 years is an eternity in the crypto market) by offering the advanced tools needed to navigate this complex crypto environment.
5. Trading 212
Trading 212 is well-rated in the crypto trading world because they have the regulatory licenses to make all investors satisfied. The London-based company is fully licensed to operate in the UK and was approved by the FCA in 2013. Trading 212 is a popular option for cryptocurrency investors and traders who wish to diversify their portfolio with other asset classes including stocks, forex, gold, and commodities, among others.
Read also: IQ Option enters the CFD market
- The impact of online casinos on the computer gaming industry.
- Use Multiple Online Casino Accounts
- 5 Things You Need to Know About Refer a Friend Casino Bonuses
- How video evidence will impact sports betting
- Bemaster Côte d'Ivoire