Not All Crypto Is About Dollar Profits

A few days ago, I wrote about how, according to some data, cryptocurrencies whose futures were launched on Binance lose around 80% of their value within 300 days.

But it turns out the problem is not futures at all - and not even Binance. According to data from Cryptorank, a huge number of tokens listed on other exchanges (even without futures trading) have dropped just as sharply.

• The median ROI for tokens listed on Binance is 0.19 (an 81% loss).
• On KuCoin, it is 0.15.
• On Gate, 0.18.
• The best result among centralized exchanges belongs to Coinbase: 0.35.

Why does this happen? Because exchanges attract traders who buy crypto for dollar-denominated profits. But in the end, those dollar profits go not to the traders, but to the exchanges and market makers.

That is why I genuinely admire the users of rabbit.io. Today, when the market is once again bleeding, I see swaps on our platform like TRX to LTC, SOL to ETH, BTC to XMR, USDT to USDC. Business as usual - and clearly not driven by the pursuit of dollar profits.

You have one cryptocurrency, and right now you need another. You simply swap it at the best rate available on the market. A market that is being abandoned by those chasing dollar profits - and left to those who actually understand why they need the specific cryptocurrency they come to rabbit.io for today.