![]() All material presented in this report, unless specifically indicated otherwise is under copyright to Sacra. Those reports reflect different assumptions, views and analytical methods of the analysts who prepared them and Sacra is under no obligation to ensure that such other reports are brought to the attention of any recipient of this report.Īll rights reserved. Sacra may have issued, and may in the future issue, other reports that are inconsistent with, and reach different conclusions from, the information presented in this report. Sacra accepts no liability for loss arising from the use of the material presented in this report, except that this exclusion of liability does not apply to the extent that liability arises under specific statutes or regulations applicable to Sacra. Information, opinions and estimates contained in this report reflect a determination at its original date of publication by Sacra and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Information and opinions presented in the sections of the report were obtained or derived from sources Sacra believes are reliable, but Sacra makes no representation as to their accuracy or completeness. Nothing in this report constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal trade recommendation to you. This report is for information purposes only and is not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. Similarly, FTX has signed deals with celebrity endorsers such as Tom Brady (NFL star) and Gisele Bundchen (Brazilian supermodel), while Binance recently signed-up NBA star Jimmy Butler. Coinbase also has a multi-year deal with NBA star Kevin Durant as the face of the brand and invested ~$6.5 million in SuperBowl 2022 ‘bouncing QR code’ advertisement. This includes ~$400 million in digital advertising. Coinbase spent $663 million in Sales and Marketing in 2021, an 11X increase over 2020. Kraken has chosen not to invest aggressively in mass marketing like Coinbase, FTX, and Binance. New coins attract more users to the platform, increase engagement, and create more liquidity for existing users. Currently, Binance lists 500, and FTX lists 275 cryptocurrencies, compared to ~70 of Kraken. Kraken listed Shiba Inu (meme coin) almost six months after Binance and FTX as it spent more time in the review process.While traders may not use 20X leverage, it's definitely an attraction. FTX and Binance allow 20X leverage to traders, compared to 5X offered by Kraken.Kraken offers relatively more straightforward options such as derivatives, margin trading, and staking that are increasingly getting commoditized. FTX and Binance allow access to exotic trades such as Tokenized Stocks (tokens follow the price of shares in public companies), Prediction Market (traders can bet on events such as the US Presidential election), and Leveraged Tokens (allows leveraged position in a cryptocurrency, multiplying gains or losses from trades). ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |