George Cao Shares His Thoughts on the Crypto Exchange Landscape - Ep. 2

In this episode, Bobby Ong, co-founder of CoinGecko is joined by George Cao, Founder and CEO of BitMax.io. Bobby Interviewed George on the story behind BitMax.io, the features found in the crypto exchange, as well as some of his thoughts and prediction about what lies ahead for BitMax.io and the crypto exchange industry as a whole as it catches up with the traditional financial markets industry.

[00:00:02] Intro
[00:01:02] Background on George Cao
[00:04:20] The Team behind BitMax.io
[00:06:30] Why the name "BitMax"?
[00:08:52] BitMax.io on Transaction Fee Mining
[00:17:28] Plans on expanding to the US
[00:20:20] BitMax.io Volatility Card
[00:24:19] BitMax.io Margin Trading
[00:29:45] Thoughts on Native Exchange Blockchain
[00:33:44] Thoughts on Future Crypto Exchange Landscape
[00:38:12] 2020 Crypto Prediction
[00:41:06] 2020 Plans for BitMax.io
[00:44:00] Where to Follow BitMax.io

Quotes from the Episode:

"The futures product offered by major crypto exchange platforms are as good as the traditional futures exchanges such as CME and the like. I was amazed by the speed in which the major crypto exchanges adopted traditional financial market." [00:23:20]

"One of the biggest problem in the crypto industry is that many projects do not have any profit model - they cannot generate revenue from real business, which makes it very difficult to do proper token valuation.” [00:29:05]

"Not everyone can stay in profit in [the crypto exchange] business. Given the number of projects and the number of daily trading volumes, I believe that 80% of most exchanges today will either disappear or experience some kind of M&A” [00:35:26]

Links

BitMax.io - https://bitmax.io
CoinGecko - https://www.coingecko.com/
BitMax.io Info on CoinGecko - https://www.coingecko.com/en/exchanges/bitmax
BTMX Token on CoinGecko - https://www.coingecko.com/en/coins/bitmax-token

Social Media

BitMax.io:
https://twitter.com/BitMax_Official
https://t.me/BitMaxioEnglishOfficial
https://reddit.com/r/BitMax

CoinGecko:
https://twitter.com/coingecko
https://t.me/coingecko