10-minute Explainer: Why are crypto exchanges so damn profitable? With Eva Szalay (Financial Times)

The CSFI Round-table

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2+ y ago 12:36

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Why you should watch: Coinbase made US$1.6 billion in the second quarter, up from US$32 million year-on-year. Binance and FTX (which has just moved its HQ from Hong Kong to the Bahamas) are on track for a billion bucks - and FTX alone is now valued at US$25 billion. Madness? Or is there something solid behind these mega-numbers? And what do regulators think? The FT's currency guru gives her thoughts.
Moderator: Andrew Hilton (Director, CSFI)
Panelist:
Eva Szalay - Hungarian by birth - is the currency correspondent at the FT, which she joined three years ago. She was previously Editor of FX Week, and before that was a reporter at Dow Jones. She was educated at Queen Mary, University of London.

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