> Well worth reading because some exchange will likely go bankrupt eventually! This has already happened on a massive scale with MtGox in Japan. That unwind cl

> Well worth reading because some exchange will likely go bankrupt eventually! This has already happened on a massive scale with MtGox in Japan. That unwind closely resembled a traditional corporate bankruptcy liquidation. Many other smaller exchanges have failed in a disorderly manner due to hacks and exit scams. Not all exchanges are completely unregulated. US based exchanges all fall under scrutiny of "money transmitter" regulators. Coinbase is also regulated as a digital asset company by New York. Coinbase mentions in their TOS that USD deposits are kept in FDIC insured accounts kept separate from corporate funds. Their Crypto assets are not segregated however, which is surprising.