I wouldn't be surprised if this is sponsored by trading platform in order for customers to lose all money in record time...

▲

Tepix 6 days ago | parent | next [-]

I think the trading platforms earn more money if you make more trades. So it's in their interest that you trade for as long as possible.

	▲	drtgh 6 days ago \| parent [-]
		I read it does exists trading platforms were if you earn money they lose it because they launched the order internally between their affiliates, and not to the external trading networks (or whatever they are called). This if they even really launch the orders... We can not see the traders' internal code so anything can happen. I think they look like money-collecting machines. Take care guys. Edit: Wow, that downvote sounds very interesting, as the first that I pointed is widely known, the so called "Market Makers".

▲

world2vec 6 days ago | parent | prev | next [-]

The website does say they're partners with OKX, nothing better than bringing more retail customers (that will promptly lose their money).

I've seen stats from other crypto exchanges that are something like "90% of the retail customers lose 90% of their funds in 90 days or less".

▲

andrepd 6 days ago | parent | next [-]

Good news for the professional market makers, not for the ~marks~ retail customers.

	▲	6 days ago \| parent [-]
		[deleted]

▲

csomar 6 days ago | parent | prev [-]

Wait till you realize Okx, Binance, ByBit, etc. are all the same entity.

	▲	world2vec 6 days ago \| parent [-]
		AFAIK they're distinct entities.

▲

mapontosevenths 6 days ago | parent | prev [-]

Trading platforms would make more money if you made just enough money to continue to trade long term. Especially the bucket shops crypto and forex exchanges that make most of their money front-running customer orders.

Unregulated exchanges are just a way to bring back the bad old days of "boiler room" penny stock scammers of the 80's. Most of the people making money are running 40 year old scams on 20 somethings who don't know better yet.