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Crypto Market-Making Profit Margins Plummet as Lawyers Reap $700 Million Bonanza

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Source: Bloomberg
Crypto Market-Making Profit Margins Plummet as Lawyers Reap $700 Million Bonanza
Photo: Bloomberg
TL;DR

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:businesscryptocurrency#crypto-market-making#cryptocurrency#ftx-bankruptcy#investor-caution#market-volatility#profit-margins
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  1. Crypto Market-Making Profit Margins Sink 30% Post-FTX Bankruptcy  Bloomberg
  2. Cryptoverse: Venture capital still haunted by crypto chaos  Reuters
  3. Crypto collapses generate hundreds of millions of dollars for lawyers  Cointelegraph
  4. On-Chain and Exchange Volumes for BTC, ETH Slide in August, Sept Likely to Repeat  CryptoPotato
  5. A $700 Million Bonanza for the Winners of Crypto's Collapse: Lawyers  The New York Times
  6. View Full Coverage on Google News

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