3 ms·
> With an inherent lack of transparency that comes from centralized exchanges how is the user to know that trades are being executed fairly? How do we know Nas
by atomical 8y ago
> With an inherent lack of transparency that comes from centralized exchanges how is the user to know that trades are being executed fairly?
How do we know Nasdaq isn't screwing the buyers and sellers? It's only a problem with some exchanges for cryptocurrency. The trust issue is with cryptocurrency exchanges in general and not centralization.
Check out the Unchained podcast. Laura Shin interviews the CEO of Binance. His answer on the question of whether tokens are securities is that some people say these are securities and some people say they aren't. Does that sound like someone you want to trust with your money?
Even if you believe in cryptocurrency why would you trust a CEO that's taking huge risks by throwing up his hands and saying that there isn't regulatory clarity when the SEC says the opposite?