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FTX vs SushiSwap

F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
SushiSwap logo

SushiSwap

Software

Be a DeFi chef with Sushi

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; SushiSwap sushiSwap routes a portion of every trading fee to SUSHI stakers rather than to liquidity providers alone; users who stake SUSHI receive xSUSHI, which entitles them to a share of protocol fees, per the vendor's own documentation.
  • They diverge on capability: FTX covers Futures Trading, SushiSwap covers Token Swaps.

Where they differ

Only the attributes on which FTX and SushiSwap actually diverge.

Attributes where FTX and SushiSwap differ
AttributeFTXSushiSwap
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 SushiSwap

  • Token Swaps
  • Liquidity Mining
  • Kashi Lending
  • BentoBox
  • SUSHI 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 SushiSwap
  • Derivativesnot SushiSwap
  • Tradingnot SushiSwap

SushiSwap

  • Definot FTX
  • Dexnot FTX
  • Yield Farmingnot 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

SushiSwap

  • SushiSwap routes a portion of every trading fee to SUSHI stakers rather than to liquidity providers alone; users who stake SUSHI receive xSUSHI, which entitles them to a share of protocol fees, per the vendor's own documentation.

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

SushiSwap

Free
  • FreeFree
    • Token swaps
    • Yield farming
    • Lending

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 SushiSwap if

  • You need token swaps.
  • You want to start without paying.
  • You also want liquidity mining.
SushiSwap review

Questions people ask

Is FTX or SushiSwap better?
Neither clearly leads. FTX starts at Free and SushiSwap at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or SushiSwap?
FTX starts at Free and SushiSwap at Free.
Does FTX or SushiSwap run on more platforms?
FTX runs on Web, Ios, Android. SushiSwap 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 SushiSwap is typically brought in for.
What can FTX do that SushiSwap cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. SushiSwap covers Token Swaps, Liquidity Mining, Kashi Lending, BentoBox. 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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