This is an example of regulatory capture. Regulations make it hard to start an exchange in the US, and hard for US citizens to use overseas exchanges, so they h

This is an example of regulatory capture. Regulations make it hard to start an exchange in the US, and hard for US citizens to use overseas exchanges, so they have no alternative to shitty exchanges with poor service. This is also why they get away with charging such outrageous fees: around 50bps, when non-US exchanges like Binance and Bitmex offer around 5-10bps.