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Would any of you use FTX when it re-opens? If so, why?

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by COINS NEWS 78 Views

I'm hard pressed to see any reason to use FTX when it re-opens. One of the few arguments that I could see, is that it's under new leadership, probably with a ton of regulatory oversight.

Personally I evaluate an exchange on it's track records, because bankruptcy is bar far my biggest concern when it comes to putting custody in the hands of my crypto.

I never used FTX myself, so I can't attest to their fees, usability or features, but it must have delivered something good back when it was the second largest exchange.

I can't for a second imagine that anyone who lost money would use FTX, other than to withdraw a possible reimbursement in the future, but I'm often wrong.

Any of you going back to FTX, and do you think they'll gain traction once they re-open?

UPDATE: I've been keeping an eye on the answers for the last few hours. There seems to be a 95% NO to 5% YES ratio in the answers so far. The people saying yes are mostly sticking with the following reasons:

  • If they pay me back, things must be fine again

  • They're under new leadership

  • They're now going to be the most regulated exchange

submitted by /u/deckartcain
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