It's meant to be a listing venue, not a trading venue.https://twitter.com/HideNotSlide/status/1308077912504008705 …
1) You're implying it doesn't matter how much market share they attract as long as they get listings - is that true? Can you have one without the other? 2) I would argue it's even harder to steal listings than trading from the legacy exchanges. Thanks for thoughts.
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In order to become a listing exchange you need a Form 1 so you have to be able to perform the functions of an exchange. I don't think they're looking to compete for current listings, they're going to try to have listing requirements that appeal to SV cos & their venture backers.
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A ‘listings only’ exchange isn’t an exchange IMO
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