Crypto Market-Making Profit Margins Plummet as Lawyers Reap $700 Million Bonanza
TL;DR Summary
Profit margins for crypto market-making have dropped by 30% as costs increase and investors shy away from the sector following the $2 trillion market crash and the bankruptcy of FTX exchange. Market makers are now focusing on mitigating the risk of future turmoil, which is further eroding their margins.
Topics:business#crypto-market-making#cryptocurrency#ftx-bankruptcy#investor-caution#market-volatility#profit-margins
- Crypto Market-Making Profit Margins Sink 30% Post-FTX Bankruptcy Bloomberg
- Cryptoverse: Venture capital still haunted by crypto chaos Reuters
- Crypto collapses generate hundreds of millions of dollars for lawyers Cointelegraph
- On-Chain and Exchange Volumes for BTC, ETH Slide in August, Sept Likely to Repeat CryptoPotato
- A $700 Million Bonanza for the Winners of Crypto's Collapse: Lawyers The New York Times
- View Full Coverage on Google News
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