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Cryptocurrency & Blockchain · head to head

Curve Finance vs FTX

Curve Finance logo

Curve Finance

Cryptocurrency & Blockchain

Efficient stablecoin trading

From
Free
Rated
-
Full reviewWebsite
F

FTX

Cryptocurrency & Blockchain

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Curve Finance specialization limits utility to stablecoin and similar-value asset pairs only; FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • They diverge on capability: Curve Finance covers Stablecoin Swaps, FTX covers Futures Trading.

Where they differ

Only the attributes on which Curve Finance and FTX actually diverge.

Attributes where Curve Finance and FTX differ
AttributeCurve FinanceFTX
Pricing modelfreefreemium
PlatformsWebWeb, Ios, Android
Founded20202019

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Cryptocurrency & Blockchain).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Curve Finance

  • Stablecoin Swaps
  • Liquidity Pools
  • Gauge Voting
  • crvUSD
  • CRV Token
  • Multi-chain

Only in FTX

  • Futures Trading
  • Options
  • Leveraged Tokens
  • Spot Trading
  • FTT Token
  • Serum DEX
  • Ios support
  • Android support

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Curve Finance

  • Definot FTX
  • Dexnot FTX
  • Stablecoinsnot FTX

FTX

  • Exchangesnot Curve Finance
  • Derivativesnot Curve Finance
  • Tradingnot Curve Finance

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Curve Finance

  • Specialization limits utility to stablecoin and similar-value asset pairs only
  • Smart contract risk and security vulnerabilities inherent to DeFi protocols
  • Impermanent loss risk for liquidity providers, especially during volatile market conditions

FTX

  • The exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • Around 130 affiliated companies including Alameda Research entered the same proceedings, with more than 100,000 creditors and assets and liabilities each between $10 billion and $50 billion
  • Founder Sam Bankman-Fried resigned as CEO on the filing and was replaced by John J. Ray III
  • It is not a service anyone can sign up for; the estate exists to repay creditors

Pricing, plan by plan

Curve Finance

Free
  • FreeFree
    • Stablecoin swaps
    • Liquidity provision
    • Governance

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Which should you pick?

Choose Curve Finance if

  • You need stablecoin swaps.
  • You want to start without paying.
  • You also want liquidity pools.
Curve Finance review

Choose FTX if

  • You need futures trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want options.
FTX review

Questions people ask

Is Curve Finance or FTX better?
Neither clearly leads. Curve Finance starts at Free and FTX at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Curve Finance or FTX?
Curve Finance starts at Free and FTX at Free.
Does Curve Finance or FTX run on more platforms?
Curve Finance runs on Web. FTX runs on Web, Ios, Android.
Can I use Curve Finance for free?
Both have a free tier, so you can try either at no cost before committing.
What is Curve Finance best used for?
Curve Finance is most often used for defi, dex, stablecoins. Of those, defi and dex are not what FTX is typically brought in for.
What can Curve Finance do that FTX cannot?
Curve Finance covers Stablecoin Swaps, Liquidity Pools, Gauge Voting, crvUSD. FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Both handle Web support.

Answered from the vendors’ own pages

Curve Finance: What makes Curve Finance different from other DEXs?

Curve Finance uses a specialized automated market maker algorithm optimized for low-slippage trading between similar-value assets like stablecoins, unlike general-purpose AMMs that favor diverse token pairs.

Source
FTX: What happened to FTX?

FTX filed for bankruptcy on November 11, 2022, after revelations about Alameda Research's massive holdings of FTX's token (FTT) triggered a liquidity crisis. The platform collapsed within days as a competing rescue deal fell through.

Source
Curve Finance: How do liquidity providers earn on Curve?

Liquidity providers earn from two sources: a share of small fees charged on each swap in their chosen pool, and CRV token emissions. veCRV holders receive a proportional share of all trading fees collected on Curve, distributed weekly.

Source
FTX: Can I recover funds from FTX bankruptcy?

FTX has been in Chapter 11 bankruptcy proceedings since November 11, 2022. Customer funds have been subject to claims through the bankruptcy process, with asset recovery efforts ongoing.

Source
Curve Finance: What is veCRV and how does it work?

veCRV is vote-escrowed CRV created by locking CRV tokens for 1 week to 4 years. Holders gain governance rights, receive a share of protocol fees, and can boost CRV rewards up to 2.5x for liquidity positions.

Source
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Related pages

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