I am not surprised to learn that, but I will still maintain that exchanges are fairly immune to the fate of the securities/commodites/assests traded on them. Crypto today is a more complex, evolved sphere than four years ago and most of the value is not in the price of this or other coin/token but in the smart contracts. Which is something that Bitcoin does not have, but for some reason people see it as a valuable asset.
I remember a time when BTC-e was the most logical exchange to use, especially in the fallout of MtGox. I really enjoyed how straightforward the exchange was, and how easy it was to get started using their API. I don't think they're coming back after this.
Yes, all the AMMs on Ethereum, EVMs and even Cosmos environments (Secret Network)
So Uniswap, Sushiswap, Pancakeswap, Quickswap, etc.
All bitcoin traded there is wrapped, with the bitcoin itself having varying degrees of trusted or trustless custody.
Even if you are triggered by the concept of using other chains, Its no different than depositing on exchange, or trading against other deposits on an exchange. A “one time it wasn't immutable 6 years ago” network and even a “21 - 100 validator” network is still better than a centralized exchange’s cold storage.
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