3 ms·
How do you make that big of a loss just running a matching engine and a bit of regulatory overhead...
by nly 4y ago
How do you make that big of a loss just running a matching engine and a bit of regulatory overhead...
- pclmulqdq 4y agoHiring a ton of silicon valley employees to make it really inefficient. Seriously, though, the NASDAQ matching engine runs on a 1U server, and I doubt coinbase needs anywhere near that amount of processing power. Clouds just make it really hard to run a fair matching engine.
- coffeebeqn 4y agoThey had almost 5000(!) employees before the layoffs. I honestly can’t fathom what 90% do day to day