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I agree with you that eth is a security. I'm starting to think the government may want to keep eth around, though. We'll see. I misunderstood your point on your last reply to me, when I said we all might need P2P soon. With the exception of Swan and CashApp, which are both bitcoin only businesses, I don't think the other exchanges can survive just trading bitcoin and (maybe) eth. That's what I was thinking, but it was an off hand comment.
Oh I see! Do Swan and CashApp run their own markets? I use Strike and I know that they use some other exchange to actually execute trades.
Yes I totally agree that all these exchanges are gonna get a lot smaller. They rely so heavily on the volume that the shitcoins bring them. Coinbase stock looking like a good short lol.
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Swan doesn't. I'm not sure about CashApp.
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