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A comment on You Don't Need a Mentor–Find a Nemesis Instead. Parent comment

Re:You Don't Need a Mentor–Find a Nemesis Instead by FanaHOVA on Thursday January 06, 2022 @01:19AM (#29820106)
> The largest project by far is the first, companies like crypto.com can just spend billions of dollars on marketing to become a leading exchange, and users still don't really reap tangible benefits from crypto

Crypto.com was founded in 2016, FTX in 2018, Coinbase in 2012, Gemini in 2014, Binance in 2017.

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Re:You Don't Need a Mentor–Find a Nemesis Instead by RC_ITR on Thursday January 06, 2022 @02:34AM (#29820511)
Sure. And FTX bought arena naming rights too.

My point being that no exchange is winning on “is a better exchange than competition,” they’re winning on name recognition.

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