[JumpCrisscross]

Exchanges are price-neutral volume plays. Better if you offboard customer service and custodian services to someone else. You make money on volume, and thus volatility, independent of price. (Similar to Berkshire Hathaway’s acquisition of a gasoline additive company a few years ago.)

[AlexCoventry]

Unregulated exchanges are money pumps, though.

[cm2187]

Agree, but for volumes to be meaningful, crypto currencies still need to be a thing.

[JumpCrisscross]

> for volumes to be meaningful, crypto currencies still need to be a thing

Not necessarily. Certainly not if you see theee accounts as a source of lead generation.