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> Exchanges are not even prohibited from doing their own secret trades and using their own internal database and full knowledge of all other players. Are we su
by runeks 9y ago
> Exchanges are not even prohibited from doing their own secret trades and using their own internal database and full knowledge of all other players.
Are we sure about this? The two largest USD-exchanges are Coinbase/GDAX and Bitstamp, which operate out of California and London, respectively.
If someone were to reveal that these exchanges were trading against their customers, are we sure that the authorities would be unwilling to press charges?
- deleted 9y ago[deleted]
- Gys 9y ago> If someone were to reveal that these exchanges were trading against their customers, are we sure that the authorities would be unwilling to press charges? Based on what ? Because some people might think that is immoral ? Trading in most things is not regulated. So there is no law to be broken, expect very basic ones (you have to deliver if you receive fiat money). If I have a trading platform in art, then I can still buy and sell for my private collection. Crypto coins are not different.
- lagadu 9y agoThe difference is that GDAX is part of Coinbase, which is registered as a regular exchange under the New York DFS which puts them under the same regulations as non-crytop exchanges.
- lawlessone 9y ago>Because some people might think that is immoral ? No because they're actually laws and you can go to jail.
- dmichulke 9y ago> are we sure that the authorities would be unwilling to press charges? > Based on what ? Fraud?