FTX’s Bankruptcy Can Make Them Shine! Especially Pay Attention to These 15 Altcoins!


Popular crypto analyst and host of crypto currency YouTube channel Coin Bureau, Guy, claimed that decentralized crypto currency exchanges (DEXs) will take over the crypto currency sector after the collapse of the recent FTX, which raised fears about the transparency of centralized crypto currency exchanges (CEX).

He Expects CEX’s to Be Replaced by DEXs

Guy, the host of Coin Bureau, told his 2.17 million YouTube subscribers that DEXs will be replaced by new DEXs. Despite his defended opinion, the analyst also warned that the DEX experience is bad compared to CEX’s and that it will take some time for his expectation to be realized. According to Guy, DEXs are more difficult to use for beginners and less flexible for experts:

These technologies are still in their infancy, but I think I can see an order book-based, cross-chain DEX being built by the end of the next bull market.

According to Guy, DEXs also do not offer the easy entry and exit ramps of CEXs, although this may change soon:

The good news is that when cryptocurrencies start to be held more widely, it will become easier to get your money into and out of the cryptocurrency market. In summary, I am confident that DEXs will replace CEXs in the coming years. I think this will only accelerate with cryptocurrency regulations that will be enforceable against the central elements of the cryptocurrency industry.

Sam Bankman-Fried, the former CEO of FTX, is accused of using billions of dollars of client funds to lend to sister trading company Alameda Research, of which he is also a founder. US federal regulators are reportedly investigating the scandal. Turkey is also investigating FTX and Bankman-Fried for possible fraud offences. Among the incoming information is that the US House of Representatives Financial Services Committee is also planning to hold a session in December to Dec. to investigate the collapse of FTX.

The Rise of DEXs Could Rocket These Altcoins

Currently, there are many decentralized crypto money exchanges in the crypto money market, large and small. These exchanges also have their own tokens. The realization of Guy’s expectation means that these crypto money exchanges will rise and their tokens will also gain value.

According to the data provided by crypto data platform CoinMarketCap, the 15 largest decentralized crypto currency exchange tokens in terms of market value at the time of preparation of this article are as follows:

  • Uniswap (UNI)
  • Stellar (XLM)
  • PancakeSwap (CAKE)
  • Synthetix (SNX)
  • THORChain (RUNE)
  • Curve DAO Token (CRV)
  • 1inch Network (1INCH)
  • Loopring (LRC)
  • Balancer (HONEY)
  • Gnosis (GNO)
  • 0x (ZRX)
  • Kyber Network Crystal v2 (KNC)
  • MDEX (MDX)
  • Hashflow (HFT)
  • Anyswap (ANY)

CoinMarketCap reports that there are at least 142 decentralized cryptocurrency exchange tokens known to exist, including those on the list.

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