Crypto Exchange
topic on 6 shows · 10 statements across 9 episodes
Acquired 
the Neon Show 
Capital Allocators 
Top Founders 
TBPN 
20VC
10 statements about Crypto Exchange, every show
CZ: The largest crypto exchanges, blockchains, and stablecoins are not US-based
“There's the biggest crypto exchanges are not in America. Today the biggest blockchains, the biggest stable coin, they're not America based.”
Le Nel: Revolut's Crypto Exchange Underperformed Internal Expectations
“I think, I mean, we launched the crypto exchange was a great product. I mean, it's doing good. I did not really, I mean, it did not necessarily pick up the way we wanted yet, but maybe, yeah.”
Tepper: Financial exchange spent $500M on crypto platform, writing it down instantly
“Sometimes we've misjudged management, so we did own a financial exchange, and then they went out and spent half a billion dollars on a crypto exchange, and they surprisingly wrote down the acquisition the same quarter that they made it. To me, that was spectac…”
Ripley: Crypto Exchanges Are Not Commoditizing Due to Foundational Complexity
“I think it's going in the opposite direction. It's extraordinarily difficult to get all the foundations right, security, red compliance, all these different pieces. So much so that we've seen a lot of companies come, not just go by the wayside, but completely …”
Liu: NFT marketplaces combine exchange economics with consumer marketplace software
“And if you step back and think about it, an NFT marketplace, the business model is really like a crypto exchange, right? But the features, the software that you build looks really like a consumer marketplace.”
Carney: Crypto exchanges will evolve to trade underlying real and digital assets
“Over time, I think the role of the exchange will increasingly be about the exchange of the underlying asset, which is not the Currency. But as I say, the underlying asset, whether it's a piece of art, whether it's a function in a video game, whether it's a fra…”
Bankman-Fried: Incumbent exchanges clawed back 17% of winning traders' weekly profits
“So each week they would email the customers and be like, congrats. You got 83% of your P&L this week. The other 17% went to bail out people who were underwater. And that was just happening every week.”
Bankman-Fried: Becoming the second largest crypto exchange would be a 'C' grade
“I think the plausible C is we just kind of don't really grow, you know, like you kind of look back at us like, you know, in a year and you're like, where is F, or in five years, you know, where is FTX now? And the answer is like, you know, they're like, you kn…”
Singhal: Crypto exchanges are not winner-take-all, but support a few top winners
“It's not winner take all. I think it's a couple of winners at the top because ultimately it's about liquidity, right? So if you have users, you have demand and supply. If you don't have users, you don't have demand and supply. So ultimately it creates that chi…”