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Don't get me started on things like the Coinbase IPO and Greyscale. These are just other ways for insiders to cash out of crypto without actually removing liqui
by AndrewStephens 5y ago
Don't get me started on things like the Coinbase IPO and Greyscale. These are just other ways for insiders to cash out of crypto without actually removing liquidity from the very thin markets, by effectively selling shares in a pile of crypto without selling the crypto itself.
Both Coinbase and Greyscale are trading at a significant discount at the moment but that doesn't really matter for the insiders. If they cash out 80 cents of real money to 1 dollar of crypto then they are still doing well.