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Depends on how many people have the same idea. A bank run without government interference is death for any exchange. They do not have the money to cover their c
by WeylandYutani 4y ago
Depends on how many people have the same idea. A bank run without government interference is death for any exchange.
They do not have the money to cover their customers.
- nly 4y agoAn exchange should make money trading assets, nothing else. They should have custody of 100% of all the assets they notionally hold for their customers. There's an argument there's a problem when it comes to levered derivatives, if you let people trade on margin, but even then there's really no excuse.