24 sats \ 1 reply \ @0xIlmari 5 Jun \ on: Which exchange will be next to collapse? bitcoin
FTX was a wake up call. Everyone had plenty of time to unwind their leverage (I assume everyone was rehypothecating to some degree). Question is, who managed to unwind down to safe levels.
I assume Coinbase is as solid as you can be, if they are the prime custodian for ETFs.
CZ is a smart guy (far smarter than SBF ever pretended to be) so I assume Binance is relatively solid too.
I wouldn't touch anything else though, they could be so intermingled that one crash could cause a cascade.
write
preview
0 sats \ 0 replies \ @DiedOnTitan OP 5 Jun
If I were to select an exchange, it would certainly be a Bitcoin exclusive one. For me, this overrides the size of the exchange. River and probably to a lesser degree Swan (lesser because of the recent data leak) seem like far better choices than any "Crypto" exchange because of their focus on Bitcoin alone.
reply