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It's not clear to me why almost any of these coins even need to be listed by regulated exchanges. Couldn't they just stick with BTCUSD and a few others then le
by throwaway22032 3y ago
It's not clear to me why almost any of these coins even need to be listed by regulated exchanges.
Couldn't they just stick with BTCUSD and a few others then let decentralized exchanges deal with crypto-crypto trade?
Would they really lose that much business? I always assumed (though I've never actually checked, it doesn't interest me that much) that almost all of the shitcoins were like, the long tail few % of revenue for these businesses, and it feels like that's where all the risk is, since Bitcoin is generally recognised as a commodity.
I mean, if needs must, spin off the shitcoin stuff into its own entity?
- yokem55 3y agoYou could probably address 99% of the market only selling BTC, a stable coin, and small amounts of Eth needed for gas and then any other trading could happen on dex's. And you could make that a modestly profitable business if you run a tight ship. But you won't build an empire doing that.
- nuclx 3y agoIt's just a first step. Transferring crypto from a DEX to a fiat offramp may be restricted or illegal in the future.