10-Minute Explainer: Why Are Crypto Exchanges So Damn Profitable? Eva Szalay (Financial Times)

10-minute Explainer: Why are crypto exchanges so damn profitable? With Eva Szalay (Financial Times)

Why you should watch: Coinbase made US$1.6 billion in the second quarter, up from US$32 million year-on-year. Binance and FTX (which has just moved its HQ from Hong Kong to the Bahamas) are on track for a billion bucks - and FTX alone is now valued at US$25 billion. Madness? Or is there something solid behind these mega-numbers? And what do regulators think? The FT's currency guru gives her thoughts.

Moderator: Andrew Hilton (Director, CSFI)

Panelist:

Eva Szalay - Hungarian by birth - is the currency correspondent at the FT, which she joined three years ago. She was previously Editor of FX Week, and before that was a reporter at Dow Jones. She was educated at Queen Mary, University of London.

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Produced/Edited by Kathy Tzekou

[CsfiOrg]

Thanks very much for taking the time to click this video. Please do share with anyone you feel would be interested in listening to this discussion.

[janevolkova]

Did you mention exchanges which you choose for trading? Binance, Bitfinex, Kraken?