5 ms·
You have it backwards. The deposits were used to fuel a separate trading business. All exchanges use customer deposits to grow their business.
by starcraft2wol 3y ago
You 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