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Software · head to head

FTX vs Uniswap

F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
Uniswap logo

Uniswap

Software

Swap, earn, and build on the leading decentralized protocol

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; Uniswap high gas fees on Ethereum network during congestion periods
  • They diverge on capability: FTX covers Futures Trading, Uniswap covers Token Swaps.

Where they differ

Only the attributes on which FTX and Uniswap actually diverge.

Attributes where FTX and Uniswap differ
AttributeFTXUniswap
Pricing modelfreemiumfree
PlatformsWeb, Ios, AndroidWeb, Ethereum, Polygon, Arbitrum, Optimism
Founded20192018

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

Only in Uniswap

  • Token Swaps
  • Liquidity Pools
  • NFT Aggregator
  • Concentrated Liquidity
  • UNI Token
  • Multi-chain

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

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

FTX

  • Exchangesnot Uniswap
  • Derivativesnot Uniswap
  • Tradingnot Uniswap

Uniswap

  • Definot FTX
  • Dexnot FTX
  • Ammnot 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

Uniswap

  • High gas fees on Ethereum network during congestion periods
  • Slippage can be significant for large trades in low-liquidity pairs
  • No order book, making it inefficient for large institutional trades
  • Front-running risk on public blockchain transactions

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Uniswap

Free
  • FreeFree
    • Token swaps
    • Liquidity provision
    • NFT trading

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 Uniswap if

  • You need token swaps.
  • You want to start without paying.
  • You work on Web, Ethereum, Polygon, Arbitrum, Optimism.
  • You also want liquidity pools.
Uniswap review

Questions people ask

Is FTX or Uniswap better?
Neither clearly leads. FTX starts at Free and Uniswap at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or Uniswap?
FTX starts at Free and Uniswap at Free.
Does FTX or Uniswap run on more platforms?
FTX runs on Web, Ios, Android. Uniswap runs on Web, Ethereum, Polygon, Arbitrum, Optimism.
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 Uniswap is typically brought in for.
What can FTX do that Uniswap cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Uniswap covers Token Swaps, Liquidity Pools, NFT Aggregator, Concentrated Liquidity. Both handle Web support, Ios support, Android 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
Uniswap: What are Uniswap's fee tiers?

Uniswap V4 removed fixed fee tiers. Pool creators can set fees from 0% to 100% in 0.0001% increments, with dynamic fees adjustable through smart contract hooks.

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
Uniswap: How does Uniswap determine asset prices?

Uniswap uses an automated market maker (AMM) model with mathematical formulas to set prices based on liquidity pools, not traditional order books.

Source
Uniswap: Is Uniswap decentralized?

Yes, Uniswap is a fully decentralized exchange where liquidity providers earn fees pro-rata based on their active liquidity in price ranges.

Source
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Related pages

More on FTX

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