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I thought that the point of crypto is low fees? Nice that crypto has a $~1T market cap. But just one broker is going to have a market cap of one tenth of that.
by u678u 6y ago
I thought that the point of crypto is low fees? Nice that crypto has a $~1T market cap. But just one broker is going to have a market cap of one tenth of that. Makes no sense.
- ketamine__ 6y agoThe market cap of crypto is much larger than 1B. It's at least 1 trillion.
- CamelCaseName 6y agoClearly a typo given the following sentence...
- ketamine__ 6y agoIt wasn't clear to me......
- u678u 6y agoYou're right, I've updated.
- Tenoke 6y ago>but just one broker is going to have a market cap of one tenth of that. Makes no sense. Especially given that this one exchange itself has only 11% of the top exchange's volume[0]. On the other hand, it's not as easy for institutional money to get into crypto directly as it is to buy Coinbase stock. Additionally, Coinbase is (likely) a less volatile investment in the future of the whole crypto market rather than picking specific winners. 0.https://www.coingecko.com/en/exchanges https://www.coingecko.com/en/exchanges