My guess is they managed to get market makers in there due to connections. This creates liquidity which is a virtuous cycle. They also had early attention from being a top trader on bitmex iirc.
Fair bit of luck needed as well since there's hundreds of exchanges launched at around that time.
There's no explanation that doesn't require luck, but there's also no explanation that doesn't require having the prerequisites of liquidity and marketing.
Fair bit of luck needed as well since there's hundreds of exchanges launched at around that time.
There's no explanation that doesn't require luck, but there's also no explanation that doesn't require having the prerequisites of liquidity and marketing.