Re:Crypto firm Bitpanda lays off around 20% of its people
by melenaboija on Friday June 24, 2022 @05:32PM
(#31869621)
Casinos are not just games where chips are exchanged between players and what is regulated is not how you play (casinos per se may do that, I don’t know) but that the game is fair and you can make informed decisions, ie in card games that all players have the same information which means the decks are not marked, contain a known distribution of cards,… That does not happen in inefficient markets.
There is very little liquidity in crypto. And when one of the whales breaks rank and heads for the exit every other holder will be sitting on chips with some nominal value but absolutely no buyers.