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by jsn 3257 days ago
Why do you think that being the exchange used for cashing out is a bad position to be for an exchange? My understanding is, exchanges earn money on commissions, so the more volume they get, the better, and cashing out sure is some volume. Those speculators who buy BTC on the wrong chain -- sure, they will take a hit on that. But the exchange itself will still get their commission just fine. Am I missing something here?
1 comments
BenoitP 3257 days ago
You are actually right. It is not the exchange that would be affected, provided they haven't taken positions in their own markets.

Exchanges should make it pretty clear on which chain they will be operating, still.

I don't think trying to process transactions on both chains would be the right move.

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jsn 3257 days ago
Well, it's not the first fork in the world, ethereum's fork was pretty big (ETH vs ETC). As far as I can see, exchanges just treat both sides of the fork as two completely separate currencies (which, in fact, they are).
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Cakez0r 3257 days ago
> I don't think trying to process transactions on both chains would be the right move.

Why is that? Wouldn't this be the most profitable approach for an exchange?

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