market brings in revenue on every trade based on volume and is therefore

Market brings in revenue on every trade based on

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market brings in revenue on every trade (based on volume), and is therefore incentivized to encourage frequent trading and investment . Security Although crypto assets themselves are quite secure, exchanges have a long history of hacks, exit scams, and lost funds. The most well-known hacked exchange was Mt. Gox, which lost 850,000 bitcoins to hackers in early 2014, worth $450M at the time. Today (in early January 2018), those coins would be worth close to $10B. Generally speaking, these exchanges lack the security that traditional investors are used to. Investments and funds are held and insured by Coinbase, with the majority of crypto assets stored offline in cold storage vaults, and the remainder insured by Lloyd’s of London. Funds held in USD wallets on e-coin market are covered by the FDIC and insured up to $250,000. Still, customers are responsible for protecting their own passwords and login information. If a customer loses money because of compromised login information, e-coin market will not replace lost funds. E-coin market recommends that customers turn on two-factor authentication and place funds into cold storage in order to thwart would-be hackers. 8
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FINANCIAL SUMMARY e-coin market revenues In 2016, as cryptocurrency prices began to take off, e-coin market’s revenue was just $17 million, the same document shows, and the company recorded a net loss of $16 million. By 2017, however, the company had recorded a profit of $380 million. It is now projecting that number will be $456 million in 2018. 9
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