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That makes no sense. Exchanges make their money when people trade. Sell offs are by nature high volume days. To boot internet play money is on a rip up 8 per
by whatwhaaaaat 3y ago
That makes no sense. Exchanges make their money when people trade. Sell offs are by nature high volume days.
To boot internet play money is on a rip up 8 percent in 24 hour to near ath.
- DANmode 3y agoThis ignores their own holdings.
- jcranmer 3y agoHonest exchanges make most of their money when people trade (whether directly, via transaction frees, or indirectly, via selling order flow information or whatnot). But many cryptocurrency exchanges seem to be dipping into their customers' accounts to make speculative gambles and are consequently often illiquid (if not just plain insolvent) during market routs.
- whatwhaaaaat 3y agoFair enough. I also didn’t see the quick fall today before responding. The one true thing about crypto is it will move thousands of dollars to invalidate any comment daily.