[vgatherps]

There’s a graveyard full of “crypto exchange but built with good tech”, ftx even bought one iirc.

The market favors move fast, market to retail, etc etc over spending time cutting microseconds off the 99th%.

A lot of the exchanges also don’t have people who know what they’re doing. Lots of normal startup folks coming from an environment where “premature optimization is the root of all evil” and “move fast break things” is the norm.