Steve Cohen-backed exchange drops spot crypto trading due to lack of demand

This is reality vs all wash trading and fake money aka stable coins in places like Binance.


Steve Cohen-backed exchange drops spot crypto trading due to lack of demand: Bloomberg


https://t.co/fULoBbuj0B

 

prolly nothin...

 

It's a stock exchange, why would anyone go to it for crypto? Makes perfect sense to me.

 

It is nothing. The point is however when trading venue uses real trading and not fake wash trading, no crypto volume materializes.

 

There was no volume on that exchange to begin with. The idiot was trying to have crypto trading on his stock exchange. And what you are forgetting is arbitrage traders are what keep most exchanges on the same price. And most crypto exchanges trade with other exchanges.

Write that down in your book...

 

The same as always pepole thinks that era of Al Capone is already behind us...

 

Did someone say something about exchange traded crypto (ok so it isn't spot, so what):-

 

Crypto has a new rescuer: Wall Street

https://finance.yahoo.com/news/crypto-has-a-new-rescuer-wall-street-123946418.html

 

was the exchange regulate din USA? I doubt it says it ".. attempted to secure a license from the US Securities and Exchange Commission to trade equities 24/7."

 

The same Cohen who is an old crook and attracts other crooks like a piece of shit does flies?

He was banned from ever running another hege fund IIRC. They should have banned him from anything else to do with securities as well... Just another Bill Hwang here waiting for a bigger problem to happen.