Conversation

Contagion Means Survive 🫡
@cmsholdings
Some background here I was an early investor in Blockfolio, and CMS trades a lot on FTX and owns Serum and FTT, it’s our primary liquidity point currently, sometimes we even pop up on the volume leaderboard, not bad for click traders, but the point I’m making a projection
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Contagion Means Survive 🫡
@cmsholdings
Everyone’s going to make the comparison to CoinMarketCap and there’s some truth there but I think the big difference is what FTX gets verse what Binance got. Primarily FTX trading base is a shark tank and it wants to change that and aim bigger.
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Contagion Means Survive 🫡
@cmsholdings
What do I mean by shark tank, it’s an exchange dominated by experienced and professional traders, not to say there isn’t edge but the exchange has been popular with the pro crowd far more than retail. Things started to change with new quick spot markets like yfi
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Contagion Means Survive 🫡
@cmsholdings
So what does Blockfolio get them, it gets them the ability to put their liquidity and products to the board, the board being everyone and anyone, specifically smaller retail traders many probably confused and or scared off from FTX and it’s max leverage slider bar
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Contagion Means Survive 🫡
@cmsholdings
How is this different than Binance using CoinMarketCap to shove volume to Binance, it’s different because Binance was already a retail dominant liquidity hub, FTX is gaining far more with its new base than Binance who arguably had more cross pollination of userbases
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Contagion Means Survive 🫡
@cmsholdings
Now where does this all go idk, but if I’m a betting man which I am first iteration is some banking connectivity and ability to buy many, maybe all I mean if anyone can do it’s it’s FTX, in the retail Experience, think buy sell next to all the names just connect bank, aka RH
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Contagion Means Survive 🫡
@cmsholdings
What’s next not sure but that’s powerful toolkit and you pump that flow right to ftx and symbiosis is complete, I think this is where it goes and I think the speed at which FTx operates means we see it quickly maybe it’s already live and I didn’t check
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