What-if certainty 3/5 debate potential 3/5

Marini: FTX would probably be world's largest exchange without Alameda scandal

Rick Marini · Building the Future of Crypto Trading with Rick Marini of Rails | The Innovators & Investors Podcast · May 26, 2026 · at 24:55

Rick Marini, founder of crypto perpetuals exchange Rails, reflects on the collapse of FTX and its market positioning prior to the misuse of customer deposits.

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“Now, if they had never done that FTX would still be around and they'd probably be the biggest exchange in the world.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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