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SBF
@SBF_FTX
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@SBF_FTX
2) One problem is that it's now the default ordering, and I think it's significantly worse than e.g. ordering by real volume or OI or liquidity. But that's pretty subjective and I understand arguments in favor of it.
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SBF
@SBF_FTX
3) The ranking is somewhat reasonable--but definitely whiffs some. E.g. Coinbit--a fake Korean exchange--is right between Upbit and Bithumb, the two largest real Korean exchanges, at #7. No self-respecting ranking of crypto exchanges should put Coinbit 11 spots above Huobi.
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SBF
@SBF_FTX
6) Speaking of Huobi--there's no way it's #18. I suspect this metric might not be picking up on Chinese searches. Huobi being 1 rank behind Crex24 doesn't pass the smell test.
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SBF
@SBF_FTX
7) To be explicit, FTX is not very high on this list and I think that's correct as far as the metric goes; FTX's userbase is smaller (and more dedicated! and growing faster!) than other exchanges its size.
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SBF
@SBF_FTX
8) In some cases it might be correct but I question whether it's a reasonable metric. E.g. Bitvavo appears 14 spots ahead of Deribit. Deribit doesn't have a huge retail footprint! But I think it's a weird choice to make your default metric one that places Bitvavo above Deribit
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