Perpetual Exchange Insights
The discussion highlights the staggering volume of $23-24 trillion on perpetual exchanges, equating to the size of US GDP. While the take rate for these exchanges is significantly lower than that of retail platforms like Coinbase, potential revenue growth is explored. If Coinbase captures a small percentage of this market, it could see a notable increase in annual revenue, with projections suggesting a possible $720 million boost based on FTX's past performance.In this clip
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Bankless
195 - The Bull Case for $COIN | Michael Rinko & Jay
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