FTX’s Reddit approach could be the key to taking down Coinbase

Over the last few days, the crypto-market has notably improved. As expected, the same has had a positive effect on investors’ presence and participation too.

For the unversed, Reddit Community Points are a measure of reputation in users’ communities. These community points can also be transacted on-chain, but in order to conduct said transactions, users will need ETH to facilitate the gas fees. This can be achieved using FTX pay as users with insufficient funds can purchase more using the service.

Currently, FTX is known to be behind only Binance and Coinbase in the crypto-exchange space. However, it may be on the verge of overtaking the latter since it already supersedes it in many ways.

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