https://sg.finance.yahoo.com/news/bitcoin-exchange-giant-huobi-announces-095511105.html
As crypto prices stay low, these crypto exchanges' survival is getting difficult. Many crypto exchanges will collapse when crypto prices go lower. If bitcoin price goes below US$2,000, many crypto exchanges cannot survive because of the high expenses. The VCs behind these exchanges will suffer humongous losses just like those who invested in bike sharing businesses.
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