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Chief
Bitcoin is in a bear market and UST/Luna imploded.
The crypto exchanges are likely facing solvency issues short term and the long term narrative has failed.
Chief
A1, and crypto.com is backing out customer trades in LUNA. The whole group is quickly becoming toxic.
Potentially yes. A lot of the exchanges have been rewriting and trying to preempt what these regulations may be.
Nexo, Coin, Gemini... Anyone with US facing customers has been in a bit of turmoil the last few months.
Crypto markets are depressed (volume & price) and no new market participants are entering the ecosystem.
The ones still trading are likely more sophisticated and therefore more price sensitive to fees, and COIN charges the highest fees vs competitors.
What happens when FCX eats Robinhood?
Besides the fact that it’s business model is based on decentralized conceptual money?
Risk assets are selling off with margin money coming back
All very good points. Will have to re-think my Coinbase thesis. Especially with the gloomy macro backdrop.