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Is it really hard to figure out that someone going through the hassle of managing a synthetic USD has a very good reason to do?
by csomar 6y ago
Is it really hard to figure out that someone going through the hassle of managing a synthetic USD has a very good reason to do?
- arcticbull 6y agoUsually crime, yeah. BitMEX isn't going through all this trouble and criminal indictment avoiding KYC because people using it are super on the up-and-up and have no problem with validating their identities.
- hnracer 6y agoThe large majority of synthetic USD trading is speculation and hedging. It's significantly cheaper to trade synthetic USD than actual BTCUSD, so 100% of traders will prefer that.
- arcticbull 6y agoI'm curious how true that is, 30% of Tether's backing currency was seized for being associated with money laundering.