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Exchanges should not collapse if all they do is collect commissions from people trading. They collapse when they issue their own tokens and borrow hard assets a
by EVa5I7bHFq9mnYK 4y ago
Exchanges should not collapse if all they do is collect commissions from people trading. They collapse when they issue their own tokens and borrow hard assets against those very soft tokens.
- rdtwo 4y agoYeah the exchanges are collapsing because They all held positions and went exchanges. Although at some point they collapse for counter party risk
- twblalock 4y agoNobody in the crypto industry has the self-control to just be an exchange. The whole idea of crypto attracts the same people as other get-rich-quick schemes. Some scammers, some earnest people. But all ultimately lacking in self control.