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We're missing the third line: consumer gross Pnl.
I bet it's negative too.

1.8. klo 06.12
From Coinbase Q2 earnings...
Consumer trading volume: $43B
Consumer net trading revenue: $649.9M
Average trading fee for retail is 1.5% which is more expensive than much of DeFi, most of CeFi, and more than order of magnitude more expensive than TradFi.
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