Yikes! FTX wants to relaunch…

TL;DR

• FTX’s new CEO, John J. Ray III, needs to relaunch the trade

• Here is the argument in opposition to the transfer: centralized crypto exchanges require loads of person belief, and FTX ab.so.lute.ly nuked that belief when it collapsed final 12 months.

• Here 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 develop into a promoting level.

• Is that this sufficient? In all probability not. However this concept is barely being floated within the hopes that FTX can change its customers’ misplaced funds, and make them entire once more.

Full Story

Keep in mind when Myspace got here again from the lifeless and began taking market share from Fb?

In fact you do not! It by no means occurred.

The concept of that taking place makes extra sense to us than the potential revival of FTX – nevertheless it is not stopping FTX’s new CEO, John J. Ray III, from toying with the thought!

Here is the argument in opposition to the transfer:

Centralized crypto exchanges require loads of person 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) can be wanted to vary peoples’ intestine response after 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.

Here is the argument in favor of the transfer:

FTX 2.0 can be one of the crucial 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 develop 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 barely being floated within the hopes that FTX can change its customers’ misplaced funds, and make them entire once more.

With that in thoughts, we now have our fingers/toes crossed that ol’ John J. can pull of the magic trick.

…that mentioned, we’re not holding our breath.