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A lot of brokers can lend out your shares (usually to short-sellers) and pay you interest on it. How is BTC any different from TSLA?
by diebeforei485 5y ago
A lot of brokers can lend out your shares (usually to short-sellers) and pay you interest on it.
How is BTC any different from TSLA?
- Animats 5y agoReal brokers carry SIPC insurance in case the broker goes bust with assets lent out. They are also regulated by FINRA.
- diebeforei485 5y agoFirst of all, I don't think SIPC covers loaned-out shares? See https://www.interactivebrokers.com/en/index.php?f=46942 https://www.interactivebrokers.com/en/index.php?f=46942 for example. In any case, digital currencies are outside SIPC's remit.