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Money 2.0 Stuff: The bundling and un-bundling of exchanges

Arjun Balaji
ZcashHere is a very simple three-period model for cryptocurrency development financing: 1. A team raises money through some kind of fundraising process 2.The post Money 2.0 Stuff: Fork your mother if you want to fork appeared first on The Block.

“There’s only two ways I know of to make money: bundling and unbundling” — Jim Barksdale

Today, Binance announced the successful deployment of the Binance Chain genesis block. The Binance public blockchain will host the future Binance DEX and will be powered by Binance’s native ecosystem token, $BNB. Today, the blockchain appears to be positioned primarily as an asset issuance platform with crypto project Mithril announced they had successfully migrated over from Ethereum.

The strategic move to launch a separate a non-custodial trading model is interesting given the contrast to the strategic orientation of Western comps like Coinbase. Earlier this week, we discussed Coinbase and their strategic goals as they build up and down the storage value chain :

… an exchange like Coinbase is an aggregator in the Thompsonian sense .

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