Business

Alex Leishman Claims Exchanges Should Only Have Bitcoin

Listing meme coins on exchanges may seem to offer more options, but Bitcoin-focused firms argue it leads to a cycle of meme coin hype.

Haider Jamal
March 31, 2025

Unending Demand

River Financial CEO Alex Leishman warned that adding even one altcoin, meme coin or otherwise could turn an exchange into a “crypto casino,” where the demand for meme coins and speculative assets is unending and often overshadows cryptocurrencies with real value.

Leishman, along with Bitcoin-only firms like Swan Bitcoin, promotes Bitcoin as a long-term wealth tool, contrasting it with the high-risk, speculation-driven model of multi-asset exchanges.

Short-Term Surges

The meme coin market has dropped nearly 49% in 2025 but exchanges still see short-term trading surges from meme coin listings.

In 2024, Robinhood’s crypto revenue soared 700%, driven by meme coin demand, showing the tension between volatility-driven profits and long-term stability.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.