The cryptocurrency exchanges are like this, all have gambling behavior, but there are some differences in the patterns Larger exchanges will hand over clearing tasks to high-frequency quants, using their transaction fees to indirectly earn money from counterparty clearing For smaller exchanges, there are basically bets. In the past, there were many things that didn't involve making money from foreign exchange. Some were full position bets, while others were setting up a smaller pool with small funds and high leverage orders. TRB seems to have cut off Binance's MM and closed the market making account, but individual investors still make money, and casino credit is the most valuable BTC ETH