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I expect growth of a crypto exchange is a lot easier when you can steal client deposits to fuel additional growth.
by daveguy 3y ago
I expect growth of a crypto exchange is a lot easier when you can steal client deposits to fuel additional growth.
- starcraft2wol 3y agoYou have it backwards. The deposits were used to fuel a separate trading business. All exchanges use customer deposits to grow their business.
- daveguy 3y agoNo. That is incorrect. A brokerage / exchange may not use customer assets for their own benefit. They are not a bank -- they are custodians. If they are doing that, they are committing a crime. https://www.law.cornell.edu/cfr/text/17/240.15c3-3 https://www.law.cornell.edu/cfr/text/17/240.15c3-3