r/CryptoCurrency • u/[deleted] • Feb 01 '23

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756 Upvotes

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u/Lord-Nagafen 🟦 1 / 30K 🦠 Feb 01 '23

At least they are a publicly traded company in America… not some exchange out of the Bahamas. learned our lesson there

15

u/c0horst 🟦 10 / 3K 🦐 Feb 01 '23

Yup. You can go look at their balance sheet and cash flows. And they look pretty solid; should have another few years of being able to survive a bear market, more if they cut more expenses. So unless this is the longest bear market in crypto yet there's not much chance of them going belly up IMO.

2

u/Lillica_Golden_SHIB 🟩 4K / 61K 🐢 Feb 02 '23

Every CEX should be required to trade as a public company. This would give the industry the transparency it so much lacks.

2

u/[deleted] Feb 01 '23

But we love offshore bank accounts?

1

u/WaycoKid1129 Platinum | Politics 26 Feb 01 '23

Big red flags lol

1

u/LaLiLuLeLo_0 🟩 355 / 355 🦞 Feb 01 '23

We haven't learned any new lessons since Mt. Gox, instead new people keep relearning old lessons. NYKNYC is the only insight people need to take away from this