With coinbase making roughly $1 bn in revenues last year, and how fast binance has grown, its not surprising that everyone is getting interest in owning a piece in crypto in some form. Ideally i would have expected a deal like goldman backed circle acquiring poloneix but i think crypto interest in korea is at another level.
Great news indeed and insightful post. Keep them coming. Resteeming.
Crypto exchanges are now making more money that traditional exchanges that deal in stocks and bonds etc. How long do you think that will last before the traditional players want a piece of the action?
I am very surprised, existing exchanges havent invested in crypto exchanges till now through a VC arm. Possibly waiting for regulatory clearance.
It will be interesting to see what happens first. London Stock exchange or NYSE buying a crypto exchange OR decentralized crypto exchanges.