Indeed. There's a reason FTX had a spread charged of 0.1% while more legitimate (hopefully) operations such as Coinbase and Kraken charge around 10x as much.

Indeed. There's a reason FTX had a spread charged of 0.1% while more legitimate (hopefully) operations such as Coinbase and Kraken charge around 10x as much. If they're not making their money there, where exactly are they taking...err, making it from?