Comment by snailmailstare
4 months ago
This loss is more than 5% of their holdings.. To me that implies the supposed benefit of crypto is nonexistent. If an institution is making so much money off your crypto assets that they can return 5% of them, they are a bank doing whatever it was that was so evil.
Institution is making money from trading fees which are not too high percentage wise. But the trading activity is very high, for many reasons. A lot more people can participate, from all over the world. Some use it to circumvent sanctions. Some enjoy day trading (no need to deposit $25000, as with US stocks). There are literally millions of instruments to trade. Some like to write algorithms, arbitrage, market making etc. Some dream of 1000x returns (and few do get them).