Is The Crypto Market a Joke?

I used to think crypto was different from traditional finance decentralised, fair, and for the people. However, trading on platforms such as Binance, FTX (prior to its collapse), Kraken, Bybit, or Bitstamp reveals the reality: these platforms are merely another Wall Street playground.Every one of these platforms uses CLOB, which might sound fair in theory, but in practice, it’s the complete opposite. Big institutions have direct market access, co-location privileges, and preferential fees, while we, the regular traders, are left with slow execution and poor order fills.

I’m honestly sick of seeing my trades get front-run by HFT algorithms or disappear because of phantom liquidity. This isn’t “free market trading” it’s legalised theft. We need a platform to step up and introduce the No CLOB Execution Model, because right now, retail traders have no chance in this system.

The more I trade on Binance, Coinbase, OKX, and KuCoin, the more I realise how broken the system really is. CLOB-based trading ensures only institutions win, while we get stuck with delayed execution and terrible fills. Why hasn’t anyone introduced No CLOB Execution yet? It would immediately make trading fair and transparent by removing the central order book and stopping market manipulation. Until that happens, the crypto market will keep feeling like one giant scam.