Lucas
Lucas|Apr 23, 2026 08:45
The difficulty in attracting investment for Cex business is not related to personal abilities, but rather to its brand image and industry culture. The essence of encryption is a dark forest. If the transaction targets are the same, why don't I go to BN? If it's a high commission, BN's 41% commission is more cost-effective than 100% commission for third tier companies. Why? Because end users tend to flock to the top, and Cex creators, especially 18th tier small firms, do not rely on transaction fees to make profits. They have alternative scenarios, not just positions. As for five or six years ago, Cex was easy to do because there were many idiots and fools in this industry. The upstream earns a few small goals a day, while the downstream business practitioners receive industry dividends. Now that the existing market users have paid enough tuition fees, idiots have become smart money. This is the biggest change
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