The CEO of the Bitcoin (BTC) -oriented Exchange River says he is not interested in giving access to something other than the flagship Crypto Asset.
In a message on the social media platform X, River CEO Alexander Leishman out Crypto exchanges that make a list of altcoins – which are almost all – have become more on casinos that are stuck on a “Forever Hamster Wheel of Memecoins.”
“There are two paths for a crypto exchange/brokerage:
1. Bitcoin-Alleen Pad focus on helping people to build and retain long-term wealth through hard money. This path leads to a grant more like a ‘bank’ long term.
2. Multi-ASCHET Trading Platform joint as many coins as possible and build the business model around speculative trade. This means that the exchange becomes more on a casino.
Both can earn money, but these are the only two options. The moment an exchange adds one non-bitcoin token, they sign up to be on the Memecoins hamster wheel forever. It makes no sense to list ETH if you do not mention the tokens issued on ETH, and the same applies to Solana.
There are many successful crypto casinos, but I am not interested in building such a company. The casino business model is built around the maximum extraction of customers, and the Bitcoin Only model is aimed at helping people in the long-term wealth. “
According to River, currency debating is much larger than officially permitted and the reason is that the exchange is aimed at Bitcoin.
“There is a gap of 275% between inflation that you tell and real inflation.
That is why we are Bitcoin. “
At the time of writing, Bitcoin acts for $ 82,100.
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Generated image: midjourney