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Cryptocurrency & Blockchain · head to head

Huobi vs FTX

Huobi logo

Huobi

Cryptocurrency & Blockchain

Global digital asset trading platform

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: Huobi cryptocurrency market volatility; FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • They diverge on capability: Huobi covers Margin Trading, FTX covers Options.

Where they differ

Only the attributes on which Huobi and FTX actually diverge.

Attributes where Huobi and FTX differ
AttributeHuobiFTX
Pricing modeltransactionfreemium
PlatformsWeb, MobileWeb, Ios, Android
Founded20132019

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 Huobi

  • Margin Trading
  • Staking
  • Primelist
  • HT Token
  • Huobi ECO Chain

Only in FTX

  • Options
  • Leveraged Tokens
  • FTT Token
  • Serum DEX

Both cover

  • Spot Trading
  • Futures Trading
  • Web support
  • Ios support
  • Android support

What people use each for

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

Huobi

  • Spot trading of cryptocurrencies and altcoinsnot FTX
  • Futures trading with leveragenot FTX
  • Copy trading from experienced tradersnot FTX
  • Automated trading via botsnot FTX

FTX

  • Exchangesnot Huobi
  • Derivativesnot Huobi
  • Tradingnot Huobi

Where each one falls short

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

Huobi

  • Cryptocurrency market volatility
  • Regulatory restrictions in some jurisdictions

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

Huobi

Free

No published plan breakdown. See the Huobi review.

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Which should you pick?

Choose Huobi if

  • You need margin trading.
  • You want to start without paying.
  • You work on Web, Mobile.
  • You also want staking.
Huobi review

Choose FTX if

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

Questions people ask

Is Huobi or FTX better?
Neither clearly leads. Huobi 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, Huobi or FTX?
Huobi starts at Free and FTX at Free.
Does Huobi or FTX run on more platforms?
Huobi runs on Web, Mobile. FTX runs on Web, Ios, Android.
Can I use Huobi for free?
Both have a free tier, so you can try either at no cost before committing.
What is Huobi best used for?
Huobi is most often used for spot trading of cryptocurrencies and altcoins, futures trading with leverage, copy trading from experienced traders, automated trading via bots. Of those, spot trading of cryptocurrencies and altcoins and futures trading with leverage are not what FTX is typically brought in for.
What can Huobi do that FTX cannot?
Huobi covers Margin Trading, Staking, Primelist, HT Token. FTX covers Options, Leveraged Tokens, FTT Token, Serum DEX. Both handle Spot Trading, Futures 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.

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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