this post was submitted on 17 Jun 2023
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FTX and Binance are just about the farthest away from decentralized. It's in the hands of big money now.
Ahh yes, FTX and Binance = crypto.
It's a sad fact that they hold like 60% of all capital in the space. The hiccups of big tokens like Bitcoin and Ethereum add such a high overhead cost to transactions. The average user (and their dollars) must enter through these platforms or else get fleeced by the infinite scams out there.