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> No amount of money would make FTX a good asset whatever your opinion of crypto, exchanges have generally been great businesses. lots of small fees add up to
by jstrong 4y ago
> No amount of money would make FTX a good asset
whatever your opinion of crypto, exchanges have generally been great businesses. lots of small fees add up to significant revenue. Binance generated $20 billion revenue in 2021.
- JumpCrisscross 4y ago> exchanges have generally been great businesses. lots of small fees add up to significant revenue. Binance generated $20 billion revenue in 2021 Lots of things are good businesses, that doesn’t give a neighbouring trash pile value. Any amount of cash pumped into FTX would be better spent capitalising a new exchange. They’re not only insolvent, but fraudulently so in a very public way.