Today I saw OK talking about OM, pushing up sales, then borrowing to cut exchanges, starting to report for rights protection and supervision!

In fact, Binance will also be cut by market makers, but they won't say it, silently enduring. From our perspective, exchanges just earn fees and cut leeks. However, some insider information is only known to them, and they won't let everyone know.

I am stating the facts from an objective perspective. It is understandable that exchanges want to make money; they need to survive, and earning fees is their profit model. It is also fine for us retail investors to make money through trading. There are profits and losses in trading, and exchanges are the same. Back then, XVS was also cut by Binance, and there are many small projects on the other side, opening contracts to cut the other side. Binance's approach is to lower the leverage, which also means they are bearing losses.

Including the FTX collapse, FTT plummeted, LUNA collapsed and dropped to zero, Binance, as a major player, also suffered losses.

Objectively speaking, we cannot blindly criticize exchanges, nor can we just say how miserable we are. The market is always right; only by protecting ourselves can we thrive. Relying on mountains may lead to collapse, and relying on people may lead to abandonment!

Running to sell misery and curse after losses is a manifestation of being an oversized baby. Why not make ourselves part of those who avoid risks and profit?!