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Except these people can create their own bugs and rob their own clients and call it a hack and nobody can do anything about it because they're off shore and unr
by humaniania 5y ago
Except these people can create their own bugs and rob their own clients and call it a hack and nobody can do anything about it because they're off shore and unregulated. You'd have to be pretty dense to put any money on the unregulated exchanges.
- whiskyant 5y agoYeah, what's the motivation for so many people going to these unregulated exchanges when there's so many regulated ones (or at least larger ones, I've never even heard of BitMart)? Is it to trade coins/tokens that aren't normally listed?
- deleted 5y ago[deleted]
- arcticbull 5y agoAt least in the US, exchanges aren't really regulated. Not as broker-dealers, anyways, in the same way a Fidelity or Schwab is regulated. They're regulated as money services businesses and money transmitters, a much weaker form of regulation designed explicitly to work around the "onerous" regulations in the rest of the system.
- xwolfi 5y agoYes, to speculate on a ponzi they know will fall but they think they can time. In normal finance, it s just too crowded to make the same amount of margin short term.
- tim333 5y agoI had a little bit in BitMart. It was to speculate on some iffy coin that was only listed there. With hindsight maybe not wise.