I know! As I stated, > Even considering a huge part of that volume is coming fro... | Hacker News

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		reisse on Feb 22, 2025 \| parent \| context \| favorite \| on: Bybit loses $1.5B in hack I know! As I stated, > Even considering a huge part of that volume is coming from institutional players who enjoy significantly reduced commission rates... But the volume is huge. Even if we take the best publicly shared MM rates from Bybit (which is 1.5bp taker commission, 0.5bp maker rebate), and assume the whole volume is traded with these rates, it is still 1bp from 40B dollars, which is 4M dollars daily.

skeeter2020 on Feb 22, 2025 [–]

even if this is true, they'll use their entire cashflow for more than a year to cover a single loss? That's not how business works...

TimJRobinson 12 months ago | [–]

It's not like they have a choice. If they don't they have to declare bankruptcy because they can't honor customer withdrawals.

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