😂As far as I know, not to mention second-line exchanges, even third-line exchanges' listing fees do not go directly into the boss's wallet, and the 500,000 (25+25) listing fee is basically the public price of mid-range second-line exchanges. These exchanges conservatively estimate to have around two hundred people, and listing is basically managed by the listing team, directly putting it into the boss's pocket; it's not that it doesn't happen, but it's simply impossible. 😂
Are there any second-line exchanges without shareholders?? Let me think, I can't come up with any; there should be none.
Moreover, the part about market-making at the back is completely wrong. After a project is listed on any exchange, the exchange and the project team are basically on opposite sides; even for an eighteen-line exchange, it cannot pump the project for the project team, unless this project is the exchange's own, but that contradicts the listing fee.
More importantly, these exchanges mainly make money not from spot trading. This is a mistake that's incredibly basic. Currently, it's very hard to make money from spot trading in second-line and below exchanges; even counting the listing fees, even if spot trading can make money, it's far from comparable to contracts.
If the story is true, this person who enjoys keeping big shots is definitely not a core member of second or third-line exchanges.
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