<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>DebtDeflation</author><text>Crypto exchanges are more like a bank grafted onto a hedge fund that happens to also do some exchange stuff on the side.</text><parent_chain><item><author>benjaminwootton</author><text>They should make money in the same way that the New York Stock Exchange does - by taking a small fee from every trade.</text></item><item><author>lbriner</author><text>Forgive my ignorance but it seems that one major problem with crypto-exchanges is that they don&amp;#x27;t necessarily have any assets other than the crypto that has been deposited there, which means all overheads (which I am assuming for some of these guys is $Ms&amp;#x2F;year) can only come from trading crypto unless they are charging reasonable money for the privilege of using their exchanges.&lt;p&gt;In the FIAT world, banks make tonnes of money from things like loans and mortgages so they can handle some risk by holding onto cash.&lt;p&gt;If this is true, how does it get fixed? Is there any reason someone would take out a loan in crypto and pay interest on the repayments?</text></item></parent_chain></comment><story><title>Crypto exchange AAX suspends withdrawals</title><url>https://trends.aax.com/important-update-forward-through-adversity</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>fallingknife</author><text>That&amp;#x27;s how they made their money for most of their existence, and how crypto exchanges still do, but not anymore.  The NYSE actually makes most of its money now by charging for colocated server space which HFT&amp;#x27;s use to get super low latency connections to the market.</text><parent_chain><item><author>benjaminwootton</author><text>They should make money in the same way that the New York Stock Exchange does - by taking a small fee from every trade.</text></item><item><author>lbriner</author><text>Forgive my ignorance but it seems that one major problem with crypto-exchanges is that they don&amp;#x27;t necessarily have any assets other than the crypto that has been deposited there, which means all overheads (which I am assuming for some of these guys is $Ms&amp;#x2F;year) can only come from trading crypto unless they are charging reasonable money for the privilege of using their exchanges.&lt;p&gt;In the FIAT world, banks make tonnes of money from things like loans and mortgages so they can handle some risk by holding onto cash.&lt;p&gt;If this is true, how does it get fixed? Is there any reason someone would take out a loan in crypto and pay interest on the repayments?</text></item></parent_chain></comment><story><title>Crypto exchange AAX suspends withdrawals</title><url>https://trends.aax.com/important-update-forward-through-adversity</url></story>