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Software · head to head

FTX vs Lido

F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
Lido logo

Lido

Software

Liquid staking for Ethereum and beyond

From
Free
Rated
-
Full reviewWebsite

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; Lido lido takes a 10% fee on staking rewards, split between node operators and the DAO Treasury
  • They diverge on capability: FTX covers Futures Trading, Lido covers Liquid Staking.

Where they differ

Only the attributes on which FTX and Lido actually diverge.

Attributes where FTX and Lido differ
AttributeFTXLido
Pricing modelfreemiumfree
PlatformsWeb, Ios, AndroidWeb
Founded20192020

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

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

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

Only in Lido

  • Liquid Staking
  • stETH Token
  • No Minimum
  • DeFi Composable
  • LDO Token
  • Multi-chain

Both cover

  • Web support

What people use each for

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

FTX

  • Exchangesnot Lido
  • Derivativesnot Lido
  • Tradingnot Lido

Lido

  • Liquid staking of ETH and other proof of stake tokensnot 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

Lido

  • Lido takes a 10% fee on staking rewards, split between node operators and the DAO Treasury

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Lido

Free
  • FreeFree
    • Liquid staking
    • stETH token
    • DeFi integration

Which should you pick?

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

Choose Lido if

  • You need liquid staking.
  • You want to start without paying.
  • You also want steth token.
Lido review

Questions people ask

Is FTX or Lido better?
Neither clearly leads. FTX starts at Free and Lido at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or Lido?
FTX starts at Free and Lido at Free.
Does FTX or Lido run on more platforms?
FTX runs on Web, Ios, Android. Lido runs on Web.
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 Lido is typically brought in for.
What can FTX do that Lido cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Lido covers Liquid Staking, stETH Token, No Minimum, DeFi Composable. Both handle Web 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.

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
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Related pages

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