FTX Amongst The Top 5 Unprofitable Traders In The List Of Bitfinex Leaderboard

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • The performance of FTX token was nastiest amongst all other tokens in the coin market.
  • Losing hold in the coin market, FTX becomes the most speak about a trader in social media.
  • Founder of RenerBit Dong Zhao sarcastically tweeted pointing FTX CEO Alameda whether FTX is using users’ funds to trade or their personal fund.

One of the famous public leaderboard Bitfinex quoted FTX amongst the top 5 unprofitable traders. The performance of the FTX token was nastiest amongst all other tokens in the coin market. Though it has been enlisted on the top, the other consecutive traders EGAF, Countyourmoney, Rover, etc. are lagging in this competition with very little margin.

FTX is a cryptocurrency derivatives exchange that is owned by FTX Trading Ltd. It is developed by Alameda Research and offers OTC trading and future controlled tokens. FTX is ranked 35 in the cryptocurrency market list and holds a market capitalization of $225.82 M USD. The volume of FTX is $9, 339, 170 USD with a circulating supply of 96, 498, 212 FTT and also, a total supply of 347, 370, 548 FTT.

What Tweeter Talks?

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Losing hold in the coin market, FTX becomes the most speak about a trader in social media. Founder of RenerBit Dong Zhao sarcastically tweeted pointing FTX CEO Alameda whether FTX is using users’ funds to trade or their personal fund.

RenerBit is a transparent as well as secured digital bank assembled on the blockchain which has notably developed products for a deposit, trading, lending, and automated investment. From 2013-2020, Dong Zhao is an experienced market player in the crypto ecosystem.

In the counter of this, Alameda replied that he is using personal funds and also hedging a little to somewhere else. Continuing his argument he tweeted that Bitfinex is roaring in the market with significant discounts.

FTX CEO Sam Bankman Fried founder of Alameda was a former dealer on Jane Street Capital’s international ETF desk. He traded a variety of financial instruments like currencies, equities, ETFs and designed an automated trading system.

Bitfinex is a public leaderboard that lists the coin traders based on trading performances. The traders compare their achievements with their rival traders. For FTX this is a massive drop in its market reputation. But in the near future, it has the potential to stand out and start sailing on the same boat.

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