- River CEO maintains that Bitcoin exchanges only focus on long-term wealth, unlike speculative platforms.
- The slowdown in the cryptography market continues while Bitcoin falls to $ 82,728.94, which raises downstream concerns.
In a surprising decision, the CEO of River and the CTO Alexander Leishman went to X (formerly Twitter) to describe the two distinct paths for the exchanges or the crypto carriers.
He underlined the current state of the industry, distinguishing Bitcoin platforms (BTC) only and multi-tied trading platforms.
Alexander Leishman on two Crypto exchanges
According to Leishman, BTC exchanges focused on the preservation of long -term wealth thanks to the principles of hard money, ultimately evolving to resemble traditional banks.
On the other hand, the multi-network platforms work by listing many cryptocurrencies, by creating their commercial models around speculative trading.
Criticizing the second Crypto Exchange path, said Leishman,
“This leads to the exchange to look more like a casino.”
Are exchanges transform into casinos?
Leishman also stressed that if the two exchange models can be profitable, there is no common ground between them.
He argued that once an exchange introduces an asset not bitcoin, he inevitably engages in the endless cycle of listing of speculative tokens, especially mecoins.
According to him, the addition of Ethereum (ETH) requires listing its associated tokens, as is the Solana (soil) list would require support its ecosystem.
This, he suggested, forces multi-network platforms in a continuous expansion of offers, shaping their commercial model around high-risk negotiation rather than preservation of long-term heritage.
In his argument, Lesihman added, added, added
“There are many successful cryptography casinos, but I have no interest in creating such a business. Casino’s business model is built around the maximum customer extraction, and the unique Bitcoin model is focused on long -term wealth help. ”
Questions on community darts at the CEO of River
Responding to his message, Vijay Boyapati questioned,
“Would you include stablecoins in the Bitcoin path only?”
To which the CEO of River replied,
“Stablecoins are only rails for dollars. I would therefore not classify it as a separate asset. ”
That being said, the questionnaire did not stop there, because another user X, Brandon Schreiner, went to X and asked,
“What about Bitcoin only, but customers could send another part and it would convert immediately and only into Bitcoin?”
What he replied,
Source: X
Current market trends
This coincided with the current slowdown on the cryptography market, which added another layer of uncertainty to the current landscape.
The global market capitalization of cryptography fell to 2.67 billions of dollars, a drop of 0.52% during the volatility of Bitcoin remained a key concern.
After briefly touched $ 88,000, BTC once again slipped to $ 82,728.94, fueling the downstream feelings.
In addition, the percentage variation of one year of Bitcoin also addresses the negative territory, a trend historically linked to slowdowns of the market.
Although the past cases of such drops have led to new losses, some analysts speculate that this cycle could resemble the consolidation phase of the 2020s rather than a prolonged collapse.
Therefore, if the descending trajectory persists, this could indicate other stockings to come, shaping the next critical phase of the market.
