Log in

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Crypto space is currently less efficient than the established markets, says Sam Bankman-Fried
News

Crypto space is currently less efficient than the established markets, says Sam Bankman-Fried

Updated: Aug 23, 2024
Published: Apr 1, 2021
0
Share:

The cryptocurrency market is new compared to other established financial markets like the stock and forex. For this reason, Sam Bankman-Fried thinks it is less efficient, and more work needs to be done for the crypto space to be up to speed with the other markets.

Post Feature Image

 The crypto market is still disorganized

Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, was hosted by Bloomberg earlier today. During the interview, Bankman-Fried discussed several issues related to the markets, finance, and economics.

The CEO, who is also the second-richest man in the crypto space, pointed out that the cryptocurrency market is less efficient compared to other established financial markets. "The crypto market has come a long way in recent years. But, it's still far less efficient than your typical established market," Bankman-Fried said.

According to Bankman-Fried, the cryptocurrency market differs from country to country and from one region to another. The cryptocurrencies trade at different prices in various countries, especially in South Korea, where the premium feature has been adopted. The regulatory environment in each country also differs. These factors contribute to the cryptocurrency market being less efficient than the stock, forex, and commodity markets.

Bankman-Fried is a former international ETF trader at the prop shop Jane Street Capital. Having ventured into the cryptocurrency space, Bankman-Fried is building a cryptocurrency empire after founding crypto exchange FTX and hedge fund Alameda Research.

The crypto market slowly gaining adoption

Despite the cryptocurrency market being less efficient than the other financial markets, it is slowly gaining retail and institutional adoption. The market is just over a decade old and has room for massive growth.

The market is expected to grow and compete with the more established ones over the coming years as more financial institutions and corporate entities enter the cryptocurrency space.

Continue reading by joining Cryptonary Pro

Save 30%

$997/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Altcoins Show Signs of Strength
PRO
Market Direction
BTC, ETH and More: Altcoins Show Si...Markets remain range-bound, but the balance of risks has shifted marginally toward a short-term reli...
9 min read
Jan 2, 2026
Market Update: Relief Rally Potential Hinted by Sentiment and Flows
PRO
Market Updates
Market Update: Relief Rally Potenti...After a quiet holiday period, markets are slowly finding their footing again, though activity remain...
7 min read
Dec 31, 2025
BTC, ETH and More: Sideways Holiday Action
PRO
Market Direction
BTC, ETH and More: Sideways Holiday...Markets are closing out the year with thin liquidity, tight ranges, and limited follow-through. This...
9 min read
Dec 30, 2025
Cryptonary's 2026 Crypto Market Outlook
PRO
Research Report
Cryptonary's 2026 Crypto Market Out...We’re starting 2026 with something special. This report brings together the lessons and outlook of t...
3 min read
Jan 7, 2026
BTC, ETH and More: Bullish Momentum Across Crypto Majors and Select Alts
PRO
Market Updates
BTC, ETH and More: Bullish Momentum...Markets are finally moving with intent after weeks of compression and false starts. Key levels are b...
11 min read
Jan 6, 2026
Market Update: Crypto Relief Rally Continues
PRO
Market Updates
Market Update: Crypto Relief Rally ...Markets have kicked off the year with speed and intent. In this update, we break down what’s driving...
9 min read
Jan 5, 2026
BTC, ETH and More: Altcoins Show Signs of Strength
PRO
Market Direction
BTC, ETH and More: Altcoins Show Si...Markets remain range-bound, but the balance of risks has shifted marginally toward a short-term reli...
9 min read
Jan 2, 2026
Market Update: Relief Rally Potential Hinted by Sentiment and Flows
PRO
Market Updates
Market Update: Relief Rally Potenti...After a quiet holiday period, markets are slowly finding their footing again, though activity remain...
7 min read
Dec 31, 2025
BTC, ETH and More: Sideways Holiday Action
PRO
Market Direction
BTC, ETH and More: Sideways Holiday...Markets are closing out the year with thin liquidity, tight ranges, and limited follow-through. This...
9 min read
Dec 30, 2025
Cryptonary's 2026 Crypto Market Outlook
PRO
Research Report
Cryptonary's 2026 Crypto Market Out...We’re starting 2026 with something special. This report brings together the lessons and outlook of t...
3 min read
Jan 7, 2026
BTC, ETH and More: Bullish Momentum Across Crypto Majors and Select Alts
PRO
Market Updates
BTC, ETH and More: Bullish Momentum...Markets are finally moving with intent after weeks of compression and false starts. Key levels are b...
11 min read
Jan 6, 2026
Market Update: Crypto Relief Rally Continues
PRO
Market Updates
Market Update: Crypto Relief Rally ...Markets have kicked off the year with speed and intent. In this update, we break down what’s driving...
9 min read
Jan 5, 2026
BTC, ETH and More: Altcoins Show Signs of Strength
PRO
Market Direction
BTC, ETH and More: Altcoins Show Si...Markets remain range-bound, but the balance of risks has shifted marginally toward a short-term reli...
9 min read
Jan 2, 2026
Market Update: Relief Rally Potential Hinted by Sentiment and Flows
PRO
Market Updates
Market Update: Relief Rally Potenti...After a quiet holiday period, markets are slowly finding their footing again, though activity remain...
7 min read
Dec 31, 2025
BTC, ETH and More: Sideways Holiday Action
PRO
Market Direction
BTC, ETH and More: Sideways Holiday...Markets are closing out the year with thin liquidity, tight ranges, and limited follow-through. This...
9 min read
Dec 30, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×
popupimage
Our Latest Utility Token Research ReportPreviously locked for Pro members, now available to read in full.
  • tickThe utility token we're tracking closely
  • tickWhy we believe it's still early in the cycle
  • tickWhat we're watching to confirm a structural shift

Email Address

​

Phone Number

Netherlands

No spam. No hype. Just the research.