Crypto exchanges have raked in massive profits during recent market crashes—just as I’ve said before, and I’ll say it again: The most profitable business in crypto is running an exchange. Market direction doesn’t matter; whether prices soar or crash, exchanges always win. Think of it like a cricket match—no matter who wins or loses, the organizers and stadium make money at the end of the day. That’s why I believe the first altcoin narrative to take off won’t be AI, gaming, or RWA—it’ll be exchange tokens. #CryptoExchanges #ExchangeTokens #BNB #HTX #OKX #Gate #KCS