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> how do you even find any broker or exchange in the crypto space that are willing to custody 100M worth You definitely do not put all your eggs in one basket.
by KirillPanov 5y ago
> how do you even find any broker or exchange in the crypto space that are willing to custody 100M worth
You definitely do not put all your eggs in one basket.
The mature legal and insurance infrastructure in the fiat markets encourages this kind of all-eggs-in-one-basket in order to get better treatment from your brokers. In crypto the incentive is precisely the opposite.
> more exchanges some of which have more security and exit scam risks.
That is a very, very important risk that must be mitigated. Doing so is part of what separates success from failure. The residual unmitigatable risk is treated as a cost of doing business.
It's still the wild west in many ways. Some people like that. Most people who've spent a lot of time on Wall Street won't.