51–60 of 843 posts
2nd largest gone https://financefeeds.com/aax-ranked-worlds-second-largest-sp... Binance next???
crypto.com, kucoin and others are way likelier. All the exchanges that passed ETH around to "demonstrate" their reserves.
Forgive my ignorance but it seems that one major problem with crypto-exchanges is that they don't necessarily have any assets other than the crypto that has been deposited there, which means all overheads (which I am assuming for some of these guys is $Ms/year) can only come from trading crypto unless they are charging reasonable money for the privilege of using their exchanges. In the FIAT world, banks make tonnes o…
Forgive my ignorance but it seems that one major problem with crypto-exchanges is that they don't necessarily have any assets other than the crypto that has been deposited there, which means all overheads (which I am assuming for some of these guys is $Ms/year) can only come from trading crypto unless they are charging reasonable money for the privilege of using their exchanges. In the FIAT world, banks make tonnes o…
> unless they are charging reasonable money for the privilege of using their exchanges If the trading volumes they are claiming are real, these exchanges should be printing money from transaction fees alone.
Earlier quoted context omitted.
Crypto has really only lived in a zero interest rate policy world and it is shitting the bed majorly now when rates are going up. It is likely far from the bottom.
Why do you believe that is the case? How is this hypothesis explained?
Earlier quoted context omitted.
Crypto has really only lived in a zero interest rate policy world and it is shitting the bed majorly now when rates are going up. It is likely far from the bottom.
Why do you believe that is the case? How is this hypothesis explained?
The warning bells should be going off in the entire crypto sector right now. If you have money in crypto, I'd strongly recommend going off-exchange
I recommend going off all crypto, not only on exchange.
Forgive my ignorance but it seems that one major problem with crypto-exchanges is that they don't necessarily have any assets other than the crypto that has been deposited there, which means all overheads (which I am assuming for some of these guys is $Ms/year) can only come from trading crypto unless they are charging reasonable money for the privilege of using their exchanges. In the FIAT world, banks make tonnes o…
Forgive my ignorance but it seems that one major problem with crypto-exchanges is that they don't necessarily have any assets other than the crypto that has been deposited there, which means all overheads (which I am assuming for some of these guys is $Ms/year) can only come from trading crypto unless they are charging reasonable money for the privilege of using their exchanges. In the FIAT world, banks make tonnes o…
> Is there any reason someone would take out a loan in crypto and pay interest on the repayments? People want to increase their exposure to crypto via leverage. For example: 1. Collatorize BTC to get USDT 2. Use the USTDT to buy ETH. 3. Use ETH to collatorize to get USDT 4. Use USDT to buy sh*tcoin 5. wash, rinse, repeat If everything goes up, you can make a ton of money. If things go down... you lose everything.
So, having been around since the early bitcoin days, core to the salespitch back then was the fact you would have control. You'd have your coins in your wallet, and no need for banks etc. Apparently nobody does this anymore, and gives their wallets to these exchanges (i.e. banks) and balks when the obvious happens in pyramid schemes. People just don't get distributed currency if they promptly undistribute it. Or is i…
So basically no real change except they're much more exposed to risk (fraud and market swings notwithstanding)