Reading the quarterly report of the one publicly traded entity I'm aware of which runs a Bitcoin exchange, which poses the question "How does one los…

Reading the quarterly report of the one publicly traded entity I'm aware of which runs a Bitcoin exchange, which poses the question "How does one lose money when running a Bitcoin exchange?!"

https://file.swcms.net/file/monexgroup/en/news_release/auto_20181026423811/pdfFile.pdf