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The Crypto Trader's Mindset | 1000x
On The Margin
OTC Liquidity
Prior to FTX and we can get into what happened later with FTX I think a Market place is comprised of a number of different essential services liquidity is a very important service custody is another one Settlement perhaps the most important service if you send your yen or your euros off to some entity you're really hoping to receive your dollars back, right? So whoever you're doing that transaction with your settlement agent is very important. Then there are all sorts of ancillary services like providers of leverage, etc Anyway, all of those services were kind of getting consolidated under a very limited number of roofs You had FTX basically doing all of that you have Binance doing all ofThat at the time it
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