Ever notice how exchanges don't really have your back anymore?
Think about it: On regular trades, they pocket a microscopic maker/taker fee. Barely anything.
But when you get liquidated? They snatch your entire position. Every last bit. And they're perfectly hedged the whole time, so zero risk on their end.
Which scenario do you think they're secretly rooting for?
The incentives are completely backwards. These platforms profit way more when traders blow up than when they succeed. Makes you wonder whose side they're really on.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
21 Likes
Reward
21
6
Repost
Share
Comment
0/400
BTCRetirementFund
· 4h ago
Wake up, everyone. Exchanges are not really our friends.
View OriginalReply0
GasFeeCry
· 12h ago
That's why I never use leverage; the exchanges simply don't want us to make money.
View OriginalReply0
ClassicDumpster
· 12-01 16:16
To be honest, I've seen through this trap of the exchange a long time ago.
View OriginalReply0
SerumSquirter
· 12-01 16:14
ngl I saw through the tricks of this exchange a long time ago, just waiting to play people for suckers next.
View OriginalReply0
HodlOrRegret
· 12-01 16:10
The exchange is like a vampire, with settlement fees ten times higher than trading fees.
View OriginalReply0
FloorPriceNightmare
· 12-01 15:53
Oh my, this is the truth about making money in the exchange, it's too heartbreaking.
Ever notice how exchanges don't really have your back anymore?
Think about it: On regular trades, they pocket a microscopic maker/taker fee. Barely anything.
But when you get liquidated? They snatch your entire position. Every last bit. And they're perfectly hedged the whole time, so zero risk on their end.
Which scenario do you think they're secretly rooting for?
The incentives are completely backwards. These platforms profit way more when traders blow up than when they succeed. Makes you wonder whose side they're really on.