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by wmf 1577 days ago
The question is how and why FTX became big given that BitMEX already existed.
3 comments

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.)
BitMEX was engulfed in controversy (lawsuits and investigation) around the time FTX launched.
Bitmex and its liquidation engine is why.