Binance Square

买入并持有价值币

相信Web3的未来,在漫长的周期里,我愿意耐心持有 BTC、ETH、BNB,不加杠杆,不碰合约,不被短期噪音左右,我只相信时间,相信价值,相信技术改变世界的力量。Web3 不会眷顾投机者,却终会奖赏那些真正理解它、陪伴它的人,因为伟大的变革从来不是在喧嚣中完成,而是在坚持、耐心与信念中悄然发生。
Open Trade
U Holder
U Holder
High-Frequency Trader
8.1 Months
73 Following
257 Followers
380 Liked
64 Shared
Posts
Portfolio
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See translation
6个全部找到啦😎
6个全部找到啦😎
新手学堂天使自治社区
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Tonight there will be a live broadcast, and the Crypto Thursday event is back!\n\n点击预约直播 later, let's find the BNB hidden in the square together!🔥\n\nRule hints:\n👉Only 1 BNB of each color 👉BNB should not be adjacent 👉Only 1 BNB in each row and column\n\n📢 How to participate:\n1️⃣ Forward this message 2️⃣ Follow @新手学堂天使自治社区 3️⃣ Comment your answer\n\n🎁Rewards: Draw 10 lucky users, each will receive 5U!\n\nCome and challenge your observation skills & brainpower!👉 Can you find them all?
See translation
我想要 #BinanceAIPro 帮助我实现全自动交易,每天按照策略帮我下单,再也不用深夜盯盘啦😎
我想要 #BinanceAIPro 帮助我实现全自动交易,每天按照策略帮我下单,再也不用深夜盯盘啦😎
币安Binance华语
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💡Let your thinking advance and make your Binance smarter

Binance AI Pro public beta is now open, equip your Binance with AI! Log in to the Binance official website homepage now, click 'More - Binance AI Pro' to apply for the public beta quota.

⚡️Stronger cognition, more accurate judgment, faster execution.

💬RT and leave a message: 'I want #BinanceAiPro to help me achieve ______.'

We will draw 10 people from the comments section to reimburse the first month's Ai Pro subscription fee⬇️
See translation
我想要 #BinanceAIPro 帮助我实现全自动交易,每天按照策略帮我下单,再也不用深夜盯盘啦😎
我想要 #BinanceAIPro 帮助我实现全自动交易,每天按照策略帮我下单,再也不用深夜盯盘啦😎
新手学堂天使自治社区
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🔖【Binance Illustrated Vol.37】How to Activate Binance AI Pro Beta on the Web

Unlock a stronger experience, make decisions clearer, and make your Binance more efficient.

Binance AI Pro supports integration with various mainstream AI models and incorporates commonly used third-party AI Skills and all Binance Skills! Activate with one click, set up automatically, and operate easily.

Now log in to the Binance official website homepage, click on 'More - Binance AI Pro' to apply for beta testing qualifications.

💬 Forward and leave a message: "I want #BinanceAiPro to help me achieve ______."

🎁 Prizes: 5 users will be randomly selected to receive a $5 reward!

#一图读懂币安
Increased oil hedging on aster to mitigate risk exposure, hoping that after I go long on oil, the world can be at peace 🙏 Furthermore, BTC is quite tough this time, not sure what the situation is 😂 #石油 $ASTER #CZ称比特币是硬资产
Increased oil hedging on aster to mitigate risk exposure, hoping that after I go long on oil, the world can be at peace 🙏 Furthermore, BTC is quite tough this time, not sure what the situation is 😂
#石油 $ASTER #CZ称比特币是硬资产
aster can be staked now (not a scam, news can be checked 🙏), as a project that Big Brother has been tirelessly supporting, I will definitely support it long-term 😎. I took out my 1.0 and bought 1.18 aster at the current price of 0.7 (broke and destitute, please forgive me for only being able to support this much 🙏), and without hesitation, I staked it in for 4 years 😂. Many friends do not know how to stake, just go directly to the aster official website (it must be the official website, do not be fooled! ⚠️), then the first row is aster trading investment portfolio recommended staking browser rewards more. Just choose staking! Then aster can be recharged to aster through the Binance wallet, after I recharged, I entered the contract account, and I need to transfer to the spot account to be able to stake, many friends may be stuck at this step. Staking can choose the time, of course, don't choose such a long time like me, specifically I don't quite understand, early redemption should have penalties or something like that. 😂
aster can be staked now (not a scam, news can be checked 🙏), as a project that Big Brother has been tirelessly supporting, I will definitely support it long-term 😎.

I took out my 1.0 and bought 1.18 aster at the current price of 0.7 (broke and destitute, please forgive me for only being able to support this much 🙏), and without hesitation, I staked it in for 4 years 😂.

Many friends do not know how to stake, just go directly to the aster official website (it must be the official website, do not be fooled! ⚠️), then the first row is aster trading investment portfolio recommended staking browser rewards more. Just choose staking! Then aster can be recharged to aster through the Binance wallet, after I recharged, I entered the contract account, and I need to transfer to the spot account to be able to stake, many friends may be stuck at this step.

Staking can choose the time, of course, don't choose such a long time like me, specifically I don't quite understand, early redemption should have penalties or something like that. 😂
Solemn nomination: Bi Cong. "Bi" echoes the Binance brand, and "Cong" has three meanings—smart, the smallest unit of Bitcoin Satoshi (Cong), and it flows well and is easy to remember. Understanding cryptocurrency, being smart, and carrying a Web3 soul, it's memorable at first hearing. Hope to be seen 😎
Solemn nomination: Bi Cong.
"Bi" echoes the Binance brand, and "Cong" has three meanings—smart, the smallest unit of Bitcoin Satoshi (Cong), and it flows well and is easy to remember. Understanding cryptocurrency, being smart, and carrying a Web3 soul, it's memorable at first hearing. Hope to be seen 😎
币安Binance华语
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✨Binance AI is coming soon! What should it be called? You decide!

If you have a memorable, easily spreadable name that fits the Binance style, feel free to leave your creative suggestions in the comments below 👇

✅RT Leave your suggested name in the comments along with a brief explanation of your naming rationale to participate

🌟10 most creative awards, each with a reward of 50 USDT

⏰Event Duration: March 17 - March 21

Friendly Reminder: This naming contest is for creative submissions, not a voting activity.
Better late than never! I caught this New Year peripheral gift from Binance! 🧧 I didn't expect to receive such a heavy surprise from the daily interaction lottery at @Xuetang ! 1. Black and yellow silk pajamas: The texture is incredibly smooth, wearing it makes me feel more motivated to build! It even comes with care instructions, so thoughtful. 2. Fluffy slippers: A must-have for winter at home, they feel like walking on clouds. 3. Dynamic little horse: That little horse that runs when pulled is really lively, symbolizing full speed ahead in the new year! 🐎 4. Three-piece New Year set: Refrigerator magnet, red envelope, couplets, this year's New Year flavor is fully taken care of by Binance. Thank you, Binance, I'm diving in for this "good start"! ✨ $BNB # #币安 #新年礼盒 #新手学堂
Better late than never! I caught this New Year peripheral gift from Binance! 🧧

I didn't expect to receive such a heavy surprise from the daily interaction lottery at @新手学堂天使自治社区 !

1. Black and yellow silk pajamas: The texture is incredibly smooth, wearing it makes me feel more motivated to build! It even comes with care instructions, so thoughtful.

2. Fluffy slippers: A must-have for winter at home, they feel like walking on clouds.

3. Dynamic little horse: That little horse that runs when pulled is really lively, symbolizing full speed ahead in the new year! 🐎

4. Three-piece New Year set: Refrigerator magnet, red envelope, couplets, this year's New Year flavor is fully taken care of by Binance.

Thank you, Binance, I'm diving in for this "good start"! ✨
$BNB #
#币安 #新年礼盒 #新手学堂
ZEROBASE partners with Binance to offer benefits! Prize spots increased from 20 to 100, the scale is maximized! 🚀 Recently, the creator tasks platform of ZEROBASE has been extremely popular! What is most surprising is that after in-depth communication between the ZEROBASE project team and Binance, both parties have jointly decided to make a powerful update to the event rules: the number of prize spots has been directly increased from 20 to 100! This efficient communication and the emphasis on community voices truly show the sincerity of the ZEROBASE project team and Binance towards users! This has further sparked my curiosity about the ZEROBASE token $ZBT : As the core of the decentralized ZK proof network, $ZBT perfectly integrates TEE and ZK hybrid architecture with full-chain interoperability based on LayerZero, achieving millisecond-level, low-cost privacy proof generation, and is a hardcore cornerstone of the RWA and privacy DeFi track. Looking back at the public commitments made by ZEROBASE's boss, Mr. Tang, ZEROBASE insists on giving back to early contributors: whether it is product interaction, Galxe tasks, or users who actively voice their opinions in the community, everyone is covered within the airdrop scope, and all airdrop ZBTs have no lock-up period! The expansion of this event's quota shows that the ZEROBASE project team is very willing to share profits with users. Everyone can pay attention to the subsequent development of the ZEROBASE project! #Zerobase @ZEROBASE
ZEROBASE partners with Binance to offer benefits! Prize spots increased from 20 to 100, the scale is maximized! 🚀

Recently, the creator tasks platform of ZEROBASE has been extremely popular! What is most surprising is that after in-depth communication between the ZEROBASE project team and Binance, both parties have jointly decided to make a powerful update to the event rules: the number of prize spots has been directly increased from 20 to 100!

This efficient communication and the emphasis on community voices truly show the sincerity of the ZEROBASE project team and Binance towards users!

This has further sparked my curiosity about the ZEROBASE token $ZBT :

As the core of the decentralized ZK proof network, $ZBT perfectly integrates TEE and ZK hybrid architecture with full-chain interoperability based on LayerZero, achieving millisecond-level, low-cost privacy proof generation, and is a hardcore cornerstone of the RWA and privacy DeFi track.

Looking back at the public commitments made by ZEROBASE's boss, Mr. Tang, ZEROBASE insists on giving back to early contributors: whether it is product interaction, Galxe tasks, or users who actively voice their opinions in the community, everyone is covered within the airdrop scope, and all airdrop ZBTs have no lock-up period!

The expansion of this event's quota shows that the ZEROBASE project team is very willing to share profits with users. Everyone can pay attention to the subsequent development of the ZEROBASE project!

#Zerobase @ZEROBASE
【Understanding Contracts】Why does opening 10X leverage lead to liquidation when the coin price drops by 5%? $ESP $ENSO $BULLA 🚩 Core Truth: Exchanges are not 'philanthropists' Many beginners have a fatal misconception: 'I opened a position of 100U, as long as I haven't lost down to 0U, my order is still active.' This is actually incorrect. To prevent you from owing the platform money, exchanges have a life-and-death line. As long as your funds fall below this line, the system will immediately take your position. This line is called 【Maintenance Margin Rate】. 🔍 In-depth Analysis: What is 'Maintenance Margin'? Simply put, this is the minimum margin balance you need to maintain your position. Calculation formula: Your 【Margin Balance】 / 【Position Value】 < 【Maintenance Margin Rate】 → Immediate liquidation! For example: You use 100U to open 10 times leverage, buying a certain altcoin worth 1000U. If the maintenance margin rate for that coin is 5%, then: 50U/1000U = 5%. Result: When you lose 50U and still have 50U left, the system directly liquidates you, causing you to lose half of your principal! ⚖️ Caution: The maintenance margin rates for different coins vary significantly! The maintenance margin rates for different coins can be vastly different: Mainstream coins BTC, ETH, approximately 0.4% - 0.5%, with a large margin for error; liquidation only occurs when the margin is nearly exhausted. Popular altcoins / MEME may be as high as 2.5% - 5%, triggering liquidation with even a slight drop! 💡 Unique Insight: With the same leverage, the 'margin for error' when trading altcoins is much lower than with major BTC. Many small coins have large fluctuations and high maintenance margin rates, which is why small coins are most prone to 'pin liquidation'. 🛠️ Retail Survival Rules: How to avoid being 'liquidated'? 1. Stop-loss ≠ Liquidation: Liquidation is passive settlement; not only do you lose your money, but you usually incur an additional settlement fee, leading to a true zero. Stop-loss is an active retreat, leaving you with considerable margin to recover. Always set your stop-loss before the liquidation price. 2. Stay away from extreme leverage: 20x, 50x, or even 100x leverage can compress your margin space to the extreme. A coin price may only fluctuate by 0.3%, and you might already be touching that maintenance margin red line. #V神卖币 #加密反弹 #Contract Liquidation
【Understanding Contracts】Why does opening 10X leverage lead to liquidation when the coin price drops by 5%?
$ESP $ENSO $BULLA
🚩 Core Truth: Exchanges are not 'philanthropists'
Many beginners have a fatal misconception: 'I opened a position of 100U, as long as I haven't lost down to 0U, my order is still active.' This is actually incorrect. To prevent you from owing the platform money, exchanges have a life-and-death line. As long as your funds fall below this line, the system will immediately take your position. This line is called 【Maintenance Margin Rate】.

🔍 In-depth Analysis: What is 'Maintenance Margin'? Simply put, this is the minimum margin balance you need to maintain your position.
Calculation formula: Your 【Margin Balance】 / 【Position Value】 < 【Maintenance Margin Rate】 → Immediate liquidation!

For example:
You use 100U to open 10 times leverage, buying a certain altcoin worth 1000U. If the maintenance margin rate for that coin is 5%, then: 50U/1000U = 5%.
Result: When you lose 50U and still have 50U left, the system directly liquidates you, causing you to lose half of your principal!

⚖️ Caution: The maintenance margin rates for different coins vary significantly! The maintenance margin rates for different coins can be vastly different:
Mainstream coins BTC, ETH, approximately 0.4% - 0.5%, with a large margin for error; liquidation only occurs when the margin is nearly exhausted.
Popular altcoins / MEME may be as high as 2.5% - 5%, triggering liquidation with even a slight drop!

💡 Unique Insight: With the same leverage, the 'margin for error' when trading altcoins is much lower than with major BTC. Many small coins have large fluctuations and high maintenance margin rates, which is why small coins are most prone to 'pin liquidation'.

🛠️ Retail Survival Rules: How to avoid being 'liquidated'?
1. Stop-loss ≠ Liquidation: Liquidation is passive settlement; not only do you lose your money, but you usually incur an additional settlement fee, leading to a true zero. Stop-loss is an active retreat, leaving you with considerable margin to recover. Always set your stop-loss before the liquidation price.
2. Stay away from extreme leverage: 20x, 50x, or even 100x leverage can compress your margin space to the extreme. A coin price may only fluctuate by 0.3%, and you might already be touching that maintenance margin red line.
#V神卖币 #加密反弹 #Contract Liquidation
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BTCUSDC
Closed
PNL
+64.48%
#Binance is giving away gifts soon
#Binance is giving away gifts soon
币安Binance华语
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2026 First Contract of the Year! 🎰 Your "New Year Money-Making Formula" has been generated.

👉 Play Method: Screenshot the video to receive your auspicious contract, RT and include #币安马上有礼 in the comments to participate.

We will be giving away 5 🧧66 U startup red envelopes.

Wishing everyone a successful start to the year, may you achieve success quickly! 👇
USD1 activities galore? This article will help you clarify Binance's earning strategies and WLFI airdrop guide!Recently, Binance has launched multiple benefits around $USD1 that include high wealth management returns and airdrops worth millions of dollars. There are not only many activities, but they are also closely linked in time. To help everyone clarify these activities, we have broken them down into two main sections: 'Wealth Management and Airdrops'. We recommend saving this schedule! 📈 Part One: Wealth Management Section (Earn USD1 Interest) By subscribing through Binance Wealth Management, you can directly receive USD1 in returns. 1. Ongoing: USD1 floating rate ladder returns Activity time: January 24, 2026, 08:00 to February 23, 2026, 07:59 (UTC+8)

USD1 activities galore? This article will help you clarify Binance's earning strategies and WLFI airdrop guide!

Recently, Binance has launched multiple benefits around $USD1 that include high wealth management returns and airdrops worth millions of dollars. There are not only many activities, but they are also closely linked in time.
To help everyone clarify these activities, we have broken them down into two main sections: 'Wealth Management and Airdrops'. We recommend saving this schedule!

📈 Part One: Wealth Management Section (Earn USD1 Interest)
By subscribing through Binance Wealth Management, you can directly receive USD1 in returns.
1. Ongoing: USD1 floating rate ladder returns
Activity time: January 24, 2026, 08:00 to February 23, 2026, 07:59 (UTC+8)
The best time to plant a tree was ten years ago, the second best time is now. 🌱 The anticipation for 2025 has already begun, May you in 2026, reap a garden full of spring colors. Smooth sailing, see you at the peak! #时光胶囊
The best time to plant a tree was ten years ago, the second best time is now. 🌱
The anticipation for 2025 has already begun,
May you in 2026, reap a garden full of spring colors.
Smooth sailing, see you at the peak!
#时光胶囊
新手学堂天使自治社区
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New Year, New Expectations, Looking Back and Forward✨ #币安

✍️ Write a note by hand, expressing your expectations for the year 2026

📮 We will send it back to you next year, planting a seed of luck for your future self🌱

🎁 How to participate:

1. Forward and share your handwritten note 2. Include the tag #时光胶囊

🎊 New Year's Reward: Drawing 18 participants, each will receive 10 USDT

Plant expectations, harvest answers, 2026, let's move forward together ✨
Returning with a full load! 😊
Returning with a full load! 😊
币安Binance华语
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🐎2026 Year of the Horse first lottery, claim your New Year's top prize!

#币安马上有礼 📷 Click the video to start, pause + screenshot, retweet this post and share your screenshot of the 'New Year's top prize' in the comments to participate

Today we will draw 🧧66 USDT red envelopes x 2

Wishing everyone a successful New Year, may everything go smoothly👇
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Bullish
0:00 On-time clocking in! Wishing everyone a doubling in the Year of the Horse! 🐎 The bells of the new year have rung, and the Year of the Horse has officially begun! No more talk, I wish everyone in the new year: 🚀 Accounts taking off across the board (only rising, soaring to the sky) 💰 Wealth coming from all directions, adding a few more zeros to the accounts 🐎 Success will come at once, whether it's first or second tier, you can catch the big golden dog! May everyone have a smooth and prosperous Year of the Horse, and achieve financial freedom! $BNB $DOGE $INIT #马年 #新年快乐 # Non-farm unexpectedly strong
0:00 On-time clocking in! Wishing everyone a doubling in the Year of the Horse! 🐎
The bells of the new year have rung, and the Year of the Horse has officially begun!
No more talk, I wish everyone in the new year:
🚀 Accounts taking off across the board (only rising, soaring to the sky)
💰 Wealth coming from all directions, adding a few more zeros to the accounts
🐎 Success will come at once, whether it's first or second tier, you can catch the big golden dog!
May everyone have a smooth and prosperous Year of the Horse, and achieve financial freedom!
$BNB $DOGE $INIT
#马年 #新年快乐 # Non-farm unexpectedly strong
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BNBUSDC
Closed
PNL
+46.64%
BTC dropped to 70K during the Spring Festival: A message to the comrades who stayed until 2026 🕯 Looking back at 2025, we witnessed the frenzy of BTC rising from 80K to 120K, and we withstood the deep entrapment since October. If you are still in the market now, you are already among the top 10% of the most resilient in this cycle. Three heartfelt truths about 2026: 1. The current $BTC is much cheaper than three months ago. Don’t panic sell at rock bottom; keep a portion of your base position and save some for after the festival. 2. Trust in L1 public chains; regardless of how the application layer changes, $ETH , $BNB , and $SOL, as foundational public chains, will always have the highest certainty in value. With infrastructure, there is hope. 3. Regarding the four-year cycle law, historical logic has never changed; short-term pullbacks are merely an inevitable process of cleansing leverage and shifting holdings, paving the way for a higher quality explosion in the second half of the year. There’s no need to worry about temporary shrinkage; the crypto market is not short of opportunities, only patience. Turn off the market updates and spend more time with family. This reunion dinner is more important than any candlestick chart. Wishing everyone: a safe Spring Festival, a bull market in your accounts, and a return to the peak! 🚀🚀🚀 #加密市场反弹 #比特币2026年价格预测 #X平台将可交易加密资产 ⚠️ Risk Warning: The above is merely a personal opinion recap and does not constitute any investment advice. The crypto market is highly volatile; please control your positions and do not blindly go all in.
BTC dropped to 70K during the Spring Festival: A message to the comrades who stayed until 2026 🕯
Looking back at 2025, we witnessed the frenzy of BTC rising from 80K to 120K, and we withstood the deep entrapment since October. If you are still in the market now, you are already among the top 10% of the most resilient in this cycle.

Three heartfelt truths about 2026:
1. The current $BTC is much cheaper than three months ago. Don’t panic sell at rock bottom; keep a portion of your base position and save some for after the festival.
2. Trust in L1 public chains; regardless of how the application layer changes, $ETH , $BNB , and $SOL, as foundational public chains, will always have the highest certainty in value. With infrastructure, there is hope.
3. Regarding the four-year cycle law, historical logic has never changed; short-term pullbacks are merely an inevitable process of cleansing leverage and shifting holdings, paving the way for a higher quality explosion in the second half of the year.

There’s no need to worry about temporary shrinkage; the crypto market is not short of opportunities, only patience. Turn off the market updates and spend more time with family. This reunion dinner is more important than any candlestick chart.

Wishing everyone: a safe Spring Festival, a bull market in your accounts, and a return to the peak! 🚀🚀🚀

#加密市场反弹 #比特币2026年价格预测 #X平台将可交易加密资产

⚠️ Risk Warning: The above is merely a personal opinion recap and does not constitute any investment advice. The crypto market is highly volatile; please control your positions and do not blindly go all in.
B
BNB/USDT
Price
607.2
After half a month of waiting, I finally got a big prize!🏆 As a seasoned single person, I originally thought Valentine's Day had nothing to do with me, but instead, I received a 'Valentine's Day gift' from Binance: 1000 HAEDAL! 😂 This surprise is much better than receiving roses; I’ll directly arrange a hot pot meal, on Binance! 😘 To be honest, I've been observing this 【Monthly Challenge】 for half a month, and it seems like it hasn't been promoted much, with not many people participating. Personally, I feel the winning probability is quite high! 😉 🤫 By the way, here’s a little secret for you guys: You don’t need to do any complicated tasks; just generate a transaction in any 'spot trading pair' to directly unlock the lottery chance! For those who don’t know where to find it, please look here: 👇 Open the Binance APP homepage → Click the 【Three lines】 icon in the upper right corner → 【Activities and Rewards】 → 【Monthly Challenge】 While everyone is on dates, I, as a single person, will go to the hot pot restaurant to grab a seat first. Everyone participate casually! 😂 #每月挑战 #HAEDALUSD $HAEDAL #月度挑战 #Crypto market rebound
After half a month of waiting, I finally got a big prize!🏆

As a seasoned single person, I originally thought Valentine's Day had nothing to do with me, but instead, I received a 'Valentine's Day gift' from Binance:
1000 HAEDAL! 😂 This surprise is much better than receiving roses; I’ll directly arrange a hot pot meal, on Binance! 😘

To be honest, I've been observing this 【Monthly Challenge】 for half a month, and it seems like it hasn't been promoted much, with not many people participating. Personally, I feel the winning probability is quite high! 😉

🤫 By the way, here’s a little secret for you guys:
You don’t need to do any complicated tasks; just generate a transaction in any 'spot trading pair' to directly unlock the lottery chance!

For those who don’t know where to find it, please look here: 👇
Open the Binance APP homepage → Click the 【Three lines】 icon in the upper right corner → 【Activities and Rewards】 → 【Monthly Challenge】

While everyone is on dates, I, as a single person, will go to the hot pot restaurant to grab a seat first. Everyone participate casually! 😂
#每月挑战 #HAEDALUSD
$HAEDAL
#月度挑战
#Crypto market rebound
image
BNB
Cumulative PNL
+0.00%
【Web3 Thoughts】Do Exchanges Also Lose Money? The 'Cold Reflection' Behind Coinbase's Q4 Financial Report 🧊 Everyone thinks that exchanges are just 'guaranteed income' landlords, right? When the market is good, they collect transaction fees, and when the market is bad, they collect exit fees. But the freshly released Coinbase Q4 financial report surprised everyone: a net loss of $667 million! That's right, even the compliance king Coinbase actually 'lost' money. Could it be that even exchanges can't hold on anymore? Don't panic just yet; peel back the data to see the essence, and you'll find that this is actually a carefully crafted 'accounting magic'. 🔍 Why the loss? 1. The troubles of 'holding coins' 📉 Coinbase is like a big player hoarding coins. Because the market sentiment in Q4 was somewhat sluggish, and BTC prices retracted, they experienced an unrealized loss of $710 million on their held crypto assets. To translate: it's not that the business isn't profitable, but that the 'holding positions' are on a roller coaster. This feeling, we understand. 2. Everyone has gone to 'dive deep into learning' 💤 The Q4 market was indeed quite quiet, and many partners chose to temporarily turn off the software, return to life, or dive deep into learning, leading to a significant reduction in trading frequency. As a result: the transaction fee income contributed by retail investors naturally shrank. After all, when everyone is 'holding coins calmly', the landlord can't collect booth fees either. 3. Taking advantage of the cold to 'renovate' 🏗️ Coinbase spent quite a bit on acquiring and integrating new businesses (like Deribit) this quarter. The logic is: take advantage of the market's calm period to upgrade equipment, so that when the next windfall comes, they can catch even bigger fortunes. 💡 What can we retail investors learn? Although the overall environment is quiet, the financial report hides an 'institutional signal': Even though everyone is trading less, institutional trading volume has actually increased by 37%. This indicates that big funds have not left the market but are quietly adjusting their positions during this quiet period. To summarize: Coinbase's losses are more of a reflection of market cycles. For us, the most important thing is to preserve capital in a quiet market and 'upgrade equipment' like Coinbase during the downturn. 🚩 Interactive Zone Do you think the current quietness is the 'darkness before dawn'? Let's chat in the comments about your current position status: are you diving deep into learning, or waiting for signals? #coinbase #Q4 $USDC $BTC
【Web3 Thoughts】Do Exchanges Also Lose Money? The 'Cold Reflection' Behind Coinbase's Q4 Financial Report 🧊

Everyone thinks that exchanges are just 'guaranteed income' landlords, right? When the market is good, they collect transaction fees, and when the market is bad, they collect exit fees.
But the freshly released Coinbase Q4 financial report surprised everyone: a net loss of $667 million!

That's right, even the compliance king Coinbase actually 'lost' money. Could it be that even exchanges can't hold on anymore? Don't panic just yet; peel back the data to see the essence, and you'll find that this is actually a carefully crafted 'accounting magic'.

🔍 Why the loss?
1. The troubles of 'holding coins' 📉
Coinbase is like a big player hoarding coins. Because the market sentiment in Q4 was somewhat sluggish, and BTC prices retracted, they experienced an unrealized loss of $710 million on their held crypto assets.

To translate: it's not that the business isn't profitable, but that the 'holding positions' are on a roller coaster. This feeling, we understand.

2. Everyone has gone to 'dive deep into learning' 💤
The Q4 market was indeed quite quiet, and many partners chose to temporarily turn off the software, return to life, or dive deep into learning, leading to a significant reduction in trading frequency.

As a result: the transaction fee income contributed by retail investors naturally shrank. After all, when everyone is 'holding coins calmly', the landlord can't collect booth fees either.

3. Taking advantage of the cold to 'renovate' 🏗️
Coinbase spent quite a bit on acquiring and integrating new businesses (like Deribit) this quarter.

The logic is: take advantage of the market's calm period to upgrade equipment, so that when the next windfall comes, they can catch even bigger fortunes.

💡 What can we retail investors learn?
Although the overall environment is quiet, the financial report hides an 'institutional signal':

Even though everyone is trading less, institutional trading volume has actually increased by 37%. This indicates that big funds have not left the market but are quietly adjusting their positions during this quiet period.

To summarize:
Coinbase's losses are more of a reflection of market cycles. For us, the most important thing is to preserve capital in a quiet market and 'upgrade equipment' like Coinbase during the downturn.

🚩 Interactive Zone
Do you think the current quietness is the 'darkness before dawn'? Let's chat in the comments about your current position status: are you diving deep into learning, or waiting for signals?
#coinbase #Q4 $USDC $BTC
B
RIVERUSDT
Closed
PNL
+10.29%
$BNB Today I logged into the square and was pleasantly surprised to find that Binance Square allows sending red packets even with less than 1000 followers, and you can even enable tipping and voting features! This is a major boost for small creators! Now everyone can also participate in voting interactions, which is very interesting (but it seems that red packet posts are not promoted 😂). Looking forward to everyone's attention 😘! However, the live streaming feature that I've been eagerly anticipating doesn't seem to be available yet; it appears that you still need to have 1000 followers 👀 #比特币挖矿难度下降 #易理华割肉清仓 $ME $ESP {future}(MEUSDT) {future}(ESPUSDT) What are everyone's New Year wishes?
$BNB
Today I logged into the square and was pleasantly surprised to find that Binance Square allows sending red packets even with less than 1000 followers, and you can even enable tipping and voting features! This is a major boost for small creators! Now everyone can also participate in voting interactions, which is very interesting (but it seems that red packet posts are not promoted 😂). Looking forward to everyone's attention 😘! However, the live streaming feature that I've been eagerly anticipating doesn't seem to be available yet; it appears that you still need to have 1000 followers 👀
#比特币挖矿难度下降 #易理华割肉清仓
$ME $ESP


What are everyone's New Year wishes?
马上暴富!🐴
47%
稳稳的幸福!🧧
53%
47 votes • Voting closed
·
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Bearish
$BTC $BNB can't take it anymore, really can't take it anymore, the more we shout, the more the dog house crashes, is it only by shouting to short together that we can save the crypto world? 😂 #特朗普称坚定支持加密货币 #V God sells coins
$BTC $BNB can't take it anymore, really can't take it anymore, the more we shout, the more the dog house crashes, is it only by shouting to short together that we can save the crypto world? 😂
#特朗普称坚定支持加密货币 #V God sells coins
image
BNB
Cumulative PNL
+0.00%
#BTC何时反弹? lost a lot 😢 I was promised a super draw cycle, I was promised that 80k was the bottom, I was promised this time would be different 😇$BTC
#BTC何时反弹? lost a lot 😢 I was promised a super draw cycle, I was promised that 80k was the bottom, I was promised this time would be different 😇$BTC
365D Trade PNL
+0.06%
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