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> Where were their profits derived? Is there any reason to believe there were any profits ever?
by oldgradstudent 4y ago
> Where were their profits derived?
Is there any reason to believe there were any profits ever?
- mumbisChungo 4y agoOf course. They were one of the highest volume exchanges, taking a % of every transaction. Unfortunately, they got greedy and started lending money (to themselves in Alameda, where it was gambled away)
- xwolfi 4y agoThey started AS Alameda and THEN made an exchange to facilitate their trades. They did not exist for any other purpose than doing the good old Tether + Bitfinex = iFinex.