Cryptocurrency & Blockchain · head to head
FTX vs Huobi
Huobi
Cryptocurrency & Blockchain
Global digital asset trading platform
- From
- Free
- Rated
- -
The short version
- Each has a real cost: FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022; Huobi cryptocurrency market volatility
- They diverge on capability: FTX covers Options, Huobi covers Margin Trading.
Where they differ
Only the attributes on which FTX and Huobi actually diverge.
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 FTX
- Options
- Leveraged Tokens
- FTT Token
- Serum DEX
Only in Huobi
- Margin Trading
- Staking
- Primelist
- HT Token
- Huobi ECO Chain
Both cover
- Futures Trading
- Spot Trading
- Web support
- Ios support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
FTX
- Exchangesnot Huobi
- Derivativesnot Huobi
- Tradingnot Huobi
Huobi
- Spot trading of cryptocurrencies and altcoinsnot FTX
- Futures trading with leveragenot FTX
- Copy trading from experienced tradersnot FTX
- Automated trading via botsnot FTX
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
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
Huobi
- Cryptocurrency market volatility
- Regulatory restrictions in some jurisdictions
Pricing, plan by plan
FTX
Free- StandardFree
- Spot trading
- Futures
- Options
Huobi
FreeNo published plan breakdown. See the Huobi review.
Which should you pick?
Choose FTX if
- You need options.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want leveraged tokens.
Choose Huobi if
- You need margin trading.
- You want to start without paying.
- You work on Web, Mobile.
- You also want staking.
Questions people ask
- Is FTX or Huobi better?
- Neither clearly leads. FTX starts at Free and Huobi at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, FTX or Huobi?
- FTX starts at Free and Huobi at Free.
- Does FTX or Huobi run on more platforms?
- FTX runs on Web, Ios, Android. Huobi runs on Web, Mobile.
- Can I use FTX for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is FTX best used for?
- FTX is most often used for exchanges, derivatives, trading. Of those, exchanges and derivatives are not what Huobi is typically brought in for.
- What can FTX do that Huobi cannot?
- FTX covers Options, Leveraged Tokens, FTT Token, Serum DEX. Huobi covers Margin Trading, Staking, Primelist, HT Token. Both handle Futures Trading, Spot Trading, Web support, Ios support.
Answered from the vendors’ own pages
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.
SourceFTX: 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