What Crypto Platforms are Safe to Consider After the FTX Collapse?
The FTX cryptocurrency was among the fastest-growing in recent times. They were able to quickly gain celebrity investment, political support, capital infusions, and other ways of fast-track success. The FTX scandal has led to more revelations about the financial fallout. It was also revealed that many other platforms and exchanges had funds stored at FTX while more companies rely on funding from the brand. Here is a short list of the platforms remaining with positive reputations that can be trusted.BinanceBinance is the largest crypto platform by trading volume worldwide, and with FTX out of the way, probably the most recognizable. Binance was also instrumental in starting the domino effect that brought down FTX. In the past, it has seen some less-than-savory circumstances. The platform is at the center of the public’s attention, so it has always been there with customer funds safe, secure, and that is what is important. Binance is also the oldest company on the list, which gives it both brand power as well as longevity. Binance built a reputation on its extensive list of altcoins and has since released a large lineup of trading and investment products, including derivatives, an NFT marketplace, crypto loans, gift cards, and more.PrimeXBTPrimeXBT is one of the most awarded cryptocurrency trading platforms in the entire industry, known for its strong reputation and reliability. The company has never been involved with any kind of hacking or scandal. It also features products in partnership the licensed and regulated Covesting team. The awards include Best Bitcoin Margin Trading and Best Crypto Trading Platform. The trading engine is extremely fast with a 99.9% uptime. The company is known for transparency and provides real-time data via the Covesting copy trading module. PrimeXBT also publishes a monthly trader’s report that highlights top-performing traders to encourage confidence in the community. The Covesting copy trading module provides real-time data and allows for up to 200x leverage on cryptocurrencies. MargexThe Margex trading platform is another margin platform similar to PrimeXBT. However, it does not offer 100x leverage on cryptocurrency and does not offer the traditional asset exposure as PrimeXBT. There are some unique features, including a trade while you staking tool that allows traders use a staking account as collateral. However, Margex is the newest platform on the market and has spent the most time in the market. Still, customer safety and security appear to be at the forefront of the services they provide since all solutions are protected by the company’s exclusive MP Shield technology.ByBitByBit is yet another trading platform with up to 100x leverage, but in addition to perpetual swaps, ByBit also offers options contracts trading. Although only cryptocurrencies can be traded with, there are many other options, such as leveraged trading and token trading. It also offers crypto loans, a NFT marketplace and a Web3 wallet. This is despite the fact that the FTX collapse was so obvious to the public. There are only a few platforms left that have a reputation of reliability and innovative tools. This sponsored press release is intended to provide informational purposes only. This does not represent the views of Crypto Daily and is not intended to be used for legal, tax, investment or financial advice.