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I can agree and discuss the wealth transfer mantra on the crypto scene today. But what does exchanges have to do with that? They, supposedly, don't have any stake at any coin. They make money with trading volume.

I assume, a reasonable one will understand that it is in their best interest to have the market grow instead of spike trading volume on pump/dump events.

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My understanding is that a good number of the exchanges currently operating require payment to list new coins, often in the form of a significant stake in the coin itself. At any point has any exchange ever stated that their company and officers do not hold stakes in the coins that are traded? I haven't seen it.

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