Quote:
Originally Posted by JohnnyB
Uh, sure. If you want to be pedantic about it then maybe 'printing money for as long as there is trade volume' would be better.
For reference, even in this low volume time in the market Binance is still at $15 billion USD for 24hr volume and it wasn't strange to see it up around $70B+ 24hr volume earlier in the year. Being an exchange is a great business model. Whether the price is up or down, as long as people are trading there is money to be made.
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I just think that if there is money to be made so easily, as in every market, competition will arrive that drives down costs, until you are at minimal survival utility. Unless you can offer something unique, you are just making the same widget as everyone else selling it just above cost.