The top-level sickle is not for currency trading, but for tax collection. Exchanges can collect transaction taxes from retail investors and listing taxes from project parties. Family offices can collect the project party's listing consultation tax. Can taxes be waived on the chain? It is also possible to collect fuel tax for earning points and rebate tax from the project team as a tribute to the brushes in this chain. Is there no tax if users stop trading? As long as you have money in their hands, they will naturally use the money you save to invest and earn interest. Their encrypted assets do not need to be bought, they rely on issuing coins themselves and others delivering them to them. Do you think these people will lose a lot of money due to the market downturn? No, as long as someone is trading, they won't lose money, they must be making a positive profit. Did you earn less in a bear market? Then just lay off some people and shut down some useless businesses. The money making machine is still running as usual. The crypto winter won't be tough for the exchange. During the pandemic, I heard that casinos in Macau were losing money because there were no gamblers physically playing there, and the surrounding supporting hotels were idling and losing money. But if the exchange can place an order on the candlestick just by opening their phone, what kind of money can they lose?