[dkasper]

There’s incredible amounts of capital going into the crypto industry and FTX is one of the biggest players. There may be some froth but they seem like one of the least shady players in the space to me.

[arcticbull]

Well that is a low bar. I am curious why their US destination wires arrive from "West Realm Shires Services Inc" instead of, like FTX.

[wmf]

The question is how and why FTX became big given that BitMEX already existed.

[solean]

Bitmex is very much a niche exchange, it only offers a handful of perps. FTX will let you trade pretty much any thing you can think of (crypto perps/spot, stocks, political elections, etc.)

[dkersten]

BitMEX was engulfed in controversy (lawsuits and investigation) around the time FTX launched.

[swader999]

Bitmex and its liquidation engine is why.