**Crypto Exchange Dilemma: To List or Not to List Altcoins?**

River Financial CEO Alex Leishman warns that once a crypto exchange lists its first altcoin, it enters a cycle of launching memecoins. Leishman argues that multi-asset platforms prioritize short-term gains over long-term wealth, likening them to "crypto casinos."

Despite the volatility of altcoins, exchanges profit from offering them. Robinhood saw a 700% increase in crypto revenue in Q4 2024. However, the memecoin market cap has dropped nearly 49% since early 2025, raising questions about the sustainability of this trend.