Binance is looking into letting clients keep at least part of their margin account (trading collateral) in a bank instead of with Binance. In this case, the move toward moving customer assets to banks has to do with reducing crypto trading counterparty risk.
https://youtu.be/WaQDnSprqJA
Firewall Between Decentralized Finance and Traditional BankingInvestingTips
Regulation has increased in this investment niche with the latest being a potential firewall between decentralized finance and traditional banking.
https://youtu.be/sofIKqU2FAY
This bit of news points out one more crack in the cryptocurrency system that needs attention and, specifically, why Bitcoin options need regulation. When an options trader buys and sells options on stocks or currencies, the trades pass through a clearinghouse that guarantees settlement. This critical step in options trading is typically missing in the crypto world.
https://youtu.be/gtk8twu54AU
effectivelyWhat is Cryptocurrency
Trading – How to Invest Bitcoin and
Other Cryptocurrencies
What is the virtual currency market?
Factors that affect the price of
Binance, a well-known cryptocurrency trading platform, On July 14, 2017, the exchange began offering its services. It was already the largest platform in terms of volume by the middle of 2018. Binance provides a wide range of services to its consumers, including margin trading, lending, and stock trading. Staking is one of these products, which was introduced at Binance in 2019.
Knowing where crypto gains go to hide tells us something about what Sam Bankman-Fried and others were really thinking about the vitality of their crypto business as they were hedging risk or, perhaps, hiding their money.
https://youtu.be/fnRFjaG3t_c
How Will Crypto Regulation Affect Decentralized Finance?InvestingTips
These sorts of bad headline news about the crypto world have also tarnished the reputation of the emerging world of decentralized finance and hastened the likely introduction of regulations across the crypto world including the world of DeFi. That having been said, how will crypto regulation affect decentralized finance?
https://youtu.be/S-6efoI0Mfs
Wave of Binance Problems Reaches AustraliaInvestingTips
The world’s biggest crypto exchange is being struck by wave after wave of regulatory activity. The most recent occurred when Australian regulators searched Binance Australia offices.
https://youtu.be/0YGxQZXSLRM
Firewall Between Decentralized Finance and Traditional BankingInvestingTips
Regulation has increased in this investment niche with the latest being a potential firewall between decentralized finance and traditional banking.
https://youtu.be/sofIKqU2FAY
This bit of news points out one more crack in the cryptocurrency system that needs attention and, specifically, why Bitcoin options need regulation. When an options trader buys and sells options on stocks or currencies, the trades pass through a clearinghouse that guarantees settlement. This critical step in options trading is typically missing in the crypto world.
https://youtu.be/gtk8twu54AU
effectivelyWhat is Cryptocurrency
Trading – How to Invest Bitcoin and
Other Cryptocurrencies
What is the virtual currency market?
Factors that affect the price of
Binance, a well-known cryptocurrency trading platform, On July 14, 2017, the exchange began offering its services. It was already the largest platform in terms of volume by the middle of 2018. Binance provides a wide range of services to its consumers, including margin trading, lending, and stock trading. Staking is one of these products, which was introduced at Binance in 2019.
Knowing where crypto gains go to hide tells us something about what Sam Bankman-Fried and others were really thinking about the vitality of their crypto business as they were hedging risk or, perhaps, hiding their money.
https://youtu.be/fnRFjaG3t_c
How Will Crypto Regulation Affect Decentralized Finance?InvestingTips
These sorts of bad headline news about the crypto world have also tarnished the reputation of the emerging world of decentralized finance and hastened the likely introduction of regulations across the crypto world including the world of DeFi. That having been said, how will crypto regulation affect decentralized finance?
https://youtu.be/S-6efoI0Mfs
Wave of Binance Problems Reaches AustraliaInvestingTips
The world’s biggest crypto exchange is being struck by wave after wave of regulatory activity. The most recent occurred when Australian regulators searched Binance Australia offices.
https://youtu.be/0YGxQZXSLRM
What is happening with the Crypto Market. Could it be than course correction or is the bubble busting on the market? You need to answer it for yourself.
Binance Futures Trading On TrailingCrypto Platform (1).pdfTrailing Crypto
Binance Futures Trading: Accessible, secure, and highly liquid platform for trading futures contracts. Maximize your profits with advanced trading tools and leverage, all backed by Binance's reputable and innovative ecosystem.
Launch A Blockchain Cryptocurrency Exchange App Like Binance In 2023Blocktech Brew
Here is how you can create a Blockchain Cryptocurrency Exchange App Like Binance.
For assistance in Blockchain Wallet Development and Exchange connect with us today!
Learn more - https://blocktechbrew.com/wallet/
Moneycation may 2015 newsletter; volume #3, issue #11A.W. Berry
Knowing about trading platforms and how they work is a key aspect of self-guided investing. The mechanics of trading financial instruments requires accuracy and precision. If transactions are not carried out flawlessly and in a timely manner via the best networks available, traders and investors face significant disadvantages.
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...Alessa
WATCH WEBINAR: https://www.caseware.com/alessa/webinars/regulatory-understanding-virtual-assets-types/
In early 2019, FATF released their guidance for a risk-based approach to Virtual Assets and Virtual Asset Service Providers. While the guidance, provided general information on how to understand and mitigate money laundering and trade financing risks, it did not provide specific information about how to address specific risks associated with the various types of virtual assets.
This presentation details each type of virtual asset in the market, their relative traffic volume, and regulatory issues related to each one. It also reviews key features of different virtual asset types and understand how to properly risk profile each virtual asset type for their institution.
About Alessa, a CaseWare RCM product:
Alessa is a financial crime detection, prevention and management solution offered by CaseWare RCM Inc. With deployments in more than 20 countries in banking, insurance, FinTech, gaming, manufacturing, retail and more, Alessa is the only platform organizations need to identify high-risk activities and stay ahead of compliance. To learn more about how Alessa can help your organization ensure compliance, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at caseware.com/alessa.
Connect with us online:
Visit the Alessa WEBSITE: https://www.caseware.com/alessa/
Follow Alessa on LINKEDIN: https://www.linkedin.com/caseware-alessa
Follow Alessa on TWITTER: https://twitter.com/casewarealessa
SUBSCRIBE to Alessa on YouTube: http://tiny.cc/Alessa
After doing their due diligence, Binance said it would be beyond their capacity to bail out FTX. In the aftermath of the fall of FTX and allegations of fraud, the crypto world is wondering who might be next. Now the head of Binance says to stay away from the CZ exchange and its token due to signs that those folks could be the next to fall.
https://youtu.be/iK5h568slK4
Bitcoin and Other Digital Currencies: The Latest Issues in Regulation and Enf...Jay Postma
Presentation of October 10, 2014 by Jay Postma, CAMS and Paul Soter, Esq. during the Financial Service Centers of America (FiSCA) Annual Conference. Covering basics of digital currencies, bitcoin, regulatory and compliance issues, including BSA/AML, OFAC, etc.
As crypto gets what it asked for, companies like Binance and Coinbase see their business models under attack. It is possible that complying with what the SEC wants could put Coinbase out of business and remove Binance from the US and other nations completely.
https://youtu.be/cfQExST2t-8
Crypto Payment with Stablecoins - Navigating the Recent Runkmhenneking
When PayPal launched its stablecoin PYUSD in August this year, all eyes were on stablecoins and their payment-related use cases. And the whole crypto payment space is truly in motion.
We have seen a series of announcements, new launches, and substantial moves in the crypto payment space in the last couple of months.
Next to PayPal, the payment giants Visa and Mastercard advanced their stablecoin integrations, SAP piloted B2B payments with USDC, whereas Shopify started accepting USDC payments with Solana.
The following presentation provides an overview of:
👉🏼 Key trends in the crypto payment space
👉🏼 B2C and B2B use cases
👉🏼 Player landscape by type of stablecoin
👉🏼 An in-depth comparison of PYUSD with the leading stablecoins Tether and USDC
👉🏼 How stablecoin projects monetize
👉🏼 Challenges with crypto payments and …
👉🏼 Solutions.
If you want to dive deeper into the topic of crypto payments and stablecoins, check out the last two episodes of the Untitled Investment Talk on:
Spotify
https://open.spotify.com/show/2dJQSIm6dMKEcVknuah9Xt?si=9a248c56629a4b38
Apple Podcast
https://podcasts.apple.com/de/podcast/all-things-digital-assets/id1527241518
Follow Untitled Investment Expertise and Dr. Karl-Michael Henneking on LinkedIN.
fxreviews.best-Top Penny Cryptocurrency 2022 Double Up Your Profits Now.pdfNityaSharma43
A penny cryptocurrency is a type of digital asset or token that is worth less than one cent. Bitcoin, the first and most well-known penny cryptocurrency readmore
Investment advisors use the word outperform to describe how Bitcoin and altcoins Solana and Cardano have been doing. This is a way of saying that an investment is doing well while withholding judgment as to why, how, or any future performance. It does give any in terms of when to buy and when to sell Bitcoin.
https://youtu.be/OLMY91gzTHc
The rewards of using investment leverage can be impressive. However, the dangers of investment leverage are such that one needs to proceed with caution.
https://youtu.be/1c43BKp4PPY
Are Private Digital Tokens On Their Way Out?InvestingTips
In the aftermath of crypto winter regulators are busy cleaning up after crypto excesses and outright fraud. Bitcoin took a big hit and has now recovered to more than half of its 2021 peak. Nevertheless, there are now predictions that private digital tokens are on their way out.
https://youtu.be/78smq3UVjLo
Here is where options traders will remind you that by trading options you can make money as the market falls and not just when it is going up. So, when should investors trade options?
https://youtu.be/xgoOVxDLdLc
Will Northrup Grumman Go Into Commercial Aviation?InvestingTips
In this regard a new company with a fresh idea with backing by defense contractor Grumman is worth one’s attention. The bottom line is this. Will Northrop Grumman go into commercial aviation?
https://youtu.be/j80l5fyWlo0
More Related Content
Similar to Reducing Crypto Trading Counterparty Risk
What is happening with the Crypto Market. Could it be than course correction or is the bubble busting on the market? You need to answer it for yourself.
Binance Futures Trading On TrailingCrypto Platform (1).pdfTrailing Crypto
Binance Futures Trading: Accessible, secure, and highly liquid platform for trading futures contracts. Maximize your profits with advanced trading tools and leverage, all backed by Binance's reputable and innovative ecosystem.
Launch A Blockchain Cryptocurrency Exchange App Like Binance In 2023Blocktech Brew
Here is how you can create a Blockchain Cryptocurrency Exchange App Like Binance.
For assistance in Blockchain Wallet Development and Exchange connect with us today!
Learn more - https://blocktechbrew.com/wallet/
Moneycation may 2015 newsletter; volume #3, issue #11A.W. Berry
Knowing about trading platforms and how they work is a key aspect of self-guided investing. The mechanics of trading financial instruments requires accuracy and precision. If transactions are not carried out flawlessly and in a timely manner via the best networks available, traders and investors face significant disadvantages.
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...Alessa
WATCH WEBINAR: https://www.caseware.com/alessa/webinars/regulatory-understanding-virtual-assets-types/
In early 2019, FATF released their guidance for a risk-based approach to Virtual Assets and Virtual Asset Service Providers. While the guidance, provided general information on how to understand and mitigate money laundering and trade financing risks, it did not provide specific information about how to address specific risks associated with the various types of virtual assets.
This presentation details each type of virtual asset in the market, their relative traffic volume, and regulatory issues related to each one. It also reviews key features of different virtual asset types and understand how to properly risk profile each virtual asset type for their institution.
About Alessa, a CaseWare RCM product:
Alessa is a financial crime detection, prevention and management solution offered by CaseWare RCM Inc. With deployments in more than 20 countries in banking, insurance, FinTech, gaming, manufacturing, retail and more, Alessa is the only platform organizations need to identify high-risk activities and stay ahead of compliance. To learn more about how Alessa can help your organization ensure compliance, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at caseware.com/alessa.
Connect with us online:
Visit the Alessa WEBSITE: https://www.caseware.com/alessa/
Follow Alessa on LINKEDIN: https://www.linkedin.com/caseware-alessa
Follow Alessa on TWITTER: https://twitter.com/casewarealessa
SUBSCRIBE to Alessa on YouTube: http://tiny.cc/Alessa
After doing their due diligence, Binance said it would be beyond their capacity to bail out FTX. In the aftermath of the fall of FTX and allegations of fraud, the crypto world is wondering who might be next. Now the head of Binance says to stay away from the CZ exchange and its token due to signs that those folks could be the next to fall.
https://youtu.be/iK5h568slK4
Bitcoin and Other Digital Currencies: The Latest Issues in Regulation and Enf...Jay Postma
Presentation of October 10, 2014 by Jay Postma, CAMS and Paul Soter, Esq. during the Financial Service Centers of America (FiSCA) Annual Conference. Covering basics of digital currencies, bitcoin, regulatory and compliance issues, including BSA/AML, OFAC, etc.
As crypto gets what it asked for, companies like Binance and Coinbase see their business models under attack. It is possible that complying with what the SEC wants could put Coinbase out of business and remove Binance from the US and other nations completely.
https://youtu.be/cfQExST2t-8
Crypto Payment with Stablecoins - Navigating the Recent Runkmhenneking
When PayPal launched its stablecoin PYUSD in August this year, all eyes were on stablecoins and their payment-related use cases. And the whole crypto payment space is truly in motion.
We have seen a series of announcements, new launches, and substantial moves in the crypto payment space in the last couple of months.
Next to PayPal, the payment giants Visa and Mastercard advanced their stablecoin integrations, SAP piloted B2B payments with USDC, whereas Shopify started accepting USDC payments with Solana.
The following presentation provides an overview of:
👉🏼 Key trends in the crypto payment space
👉🏼 B2C and B2B use cases
👉🏼 Player landscape by type of stablecoin
👉🏼 An in-depth comparison of PYUSD with the leading stablecoins Tether and USDC
👉🏼 How stablecoin projects monetize
👉🏼 Challenges with crypto payments and …
👉🏼 Solutions.
If you want to dive deeper into the topic of crypto payments and stablecoins, check out the last two episodes of the Untitled Investment Talk on:
Spotify
https://open.spotify.com/show/2dJQSIm6dMKEcVknuah9Xt?si=9a248c56629a4b38
Apple Podcast
https://podcasts.apple.com/de/podcast/all-things-digital-assets/id1527241518
Follow Untitled Investment Expertise and Dr. Karl-Michael Henneking on LinkedIN.
fxreviews.best-Top Penny Cryptocurrency 2022 Double Up Your Profits Now.pdfNityaSharma43
A penny cryptocurrency is a type of digital asset or token that is worth less than one cent. Bitcoin, the first and most well-known penny cryptocurrency readmore
Similar to Reducing Crypto Trading Counterparty Risk (17)
Investment advisors use the word outperform to describe how Bitcoin and altcoins Solana and Cardano have been doing. This is a way of saying that an investment is doing well while withholding judgment as to why, how, or any future performance. It does give any in terms of when to buy and when to sell Bitcoin.
https://youtu.be/OLMY91gzTHc
The rewards of using investment leverage can be impressive. However, the dangers of investment leverage are such that one needs to proceed with caution.
https://youtu.be/1c43BKp4PPY
Are Private Digital Tokens On Their Way Out?InvestingTips
In the aftermath of crypto winter regulators are busy cleaning up after crypto excesses and outright fraud. Bitcoin took a big hit and has now recovered to more than half of its 2021 peak. Nevertheless, there are now predictions that private digital tokens are on their way out.
https://youtu.be/78smq3UVjLo
Here is where options traders will remind you that by trading options you can make money as the market falls and not just when it is going up. So, when should investors trade options?
https://youtu.be/xgoOVxDLdLc
Will Northrup Grumman Go Into Commercial Aviation?InvestingTips
In this regard a new company with a fresh idea with backing by defense contractor Grumman is worth one’s attention. The bottom line is this. Will Northrop Grumman go into commercial aviation?
https://youtu.be/j80l5fyWlo0
An idea that has attracted attention is the use of privacy pools. What are privacy pools and how would a privacy pool work? Can these balance privacy and regulation to a degree that everyone is happy?
https://youtu.be/_4DLSVLat7g
How CFTC Rules Protected a Crypto BusinessInvestingTips
The collapse of FTX was a devasting blow to the crypto world. Billions of dollars in crypto assets were lost. LedgerX, a still-solvent subsidiary of FTX went up for sale at the end of 2022 and is still operating. This is about how CFTC rules protected a crypto business from the parent company’s light-fingered owner.
https://youtu.be/MgnooZ_Cp_4
Blockchain Tech in the Wake of Crypto WinterInvestingTips
Something good happened due to the huge losses that many incurred. Folks who were only interested in a quick buck have largely gone away. Those who remain are more likely to be interested in blockchain tech in the wake of crypto winter.
https://youtu.be/WzpBS8gKkyI
Investors are generally happy that the worst fears of runaway inflation versus a severe recession were not realized in 2023. Nevertheless, there are still economic and investment risks for 2024 to be considered.
https://youtu.be/wBzD8WW16P8
Bitcoin Viability As a Long Term InvestmentInvestingTips
Bitcoin has gone back up in value and is being promoted again by investment managers. Is there Bitcoin viability as a long term investment?.
https://youtu.be/jf1xp9Cveh4
What are the investment possibilities of Bitcoin versus NFTs today? When looking at these two investment possibilities, one has a fixed maximum that will ever be produced. The other suffers from production of more than the market is interested in.
https://youtu.be/tsRWaaaMcr4
Banks are looking at the downside of a digital dollar. Would a digital dollar hurt banks? Such an entity could end up sucking out bank deposits and putting a lot of banks out of business.
https://youtu.be/XyGteJzhngo
Short term up and down movements in crypto prices have to do with short-term market sentiment. Movements over the longer term have to do with fundamentals that drive crypto as well as other markets such as the stock market. That having been said, will 2024 be a good year for crypto?
https://youtu.be/Zz9zUvbqZpk
What are the obligations of a crypto business? How are some crypto businesses now paying a price for forgetting this part of doing business?
https://youtu.be/8PAEU0g5pdE
One reason that governments want to regulate cryptocurrencies is their use by terrorists to finance their operations. Does crypto finance terrorism and, if so, how does that work?
https://youtu.be/AeWLcHK_rx4
What happens when someone reneges on a crypto blockchain business deal? How can such problems be resolved or mediated? What rules could or should apply when problems arise? A question at the bottom of this issue is this. Are smart contracts legal?
https://youtu.be/q8tsUwaHsdo
Part of what we are seeing today is the dealing with specific crypto-related crimes. Part is sorting out who makes the rules that crypto needs to follow. We wonder this. Can the law fix crypto’s problems?
https://youtu.be/VjGIk5aYFac
A lukewarm future is about the best that many see for crypto. We are reminded of Apple when it was so desperate that it accepted a $150 million bailout from Bill Gates and archrival Microsoft. Today we see Apple as the model for crypto’s future.
https://youtu.be/ZIQXs0j7jlE
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Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
27052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
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Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
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Yeduguri Sandinti Jagan Mohan Reddy, often referred to as Y.S. Jagan Mohan Reddy, is an Indian politician who currently serves as the Chief Minister of the state of Andhra Pradesh. He was born on December 21, 1972, in Pulivendula, Andhra Pradesh, to Yeduguri Sandinti Rajasekhara Reddy (popularly known as YSR), a former Chief Minister of Andhra Pradesh, and Y.S. Vijayamma.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
2. Binance is looking into letting clients keep at least part
of their margin account (trading collateral) in a bank
instead of with Binance. As noted in an article by
Bloomberg, this and other proposed changes to the
world of crypto were brought on by the collapse of
FTX and the significant customer losses that came as a
result. In this case, the move toward moving customer
assets to banks has to do with reducing crypto trading
counterparty risk.
4. According to the US Treasury Department,
counterparty risk is the likelihood that the other
party in a transaction or trade will not fulfill their part
of the deal. The workability of any trading market such
as a stock, commodity, currency, or crypto exchange
rests on the trust that traders have in the system to
function.
5. The way a stock market like the New York Stock
Exchange or the Nasdaq works is that they have a
clearing house. This is an organization that has
resources available to cover transactions on which
there is a default. And these organizations require that
a trader have money in a margin account with their
stockbroker sufficient to cover their trades.
6. When their losses exceed that margin, the trader
receives a margin call. If they are unable to refund
their margin account, the brokerage closes their
trading position and charges them for any losses. The
clearing house needs to cover losses that occur that the
trader is unable to come up with.
9. The New York Stock Exchange and the Nasdaq do not
hold margin account funds. These are held by
stockbrokers and guaranteed by a clearing house
which, in turn, has strict rules for how funds are held
and managed. In the case of a crypto exchange that
handles trades, the margin is held by the exchange
itself.
10. The problem with FTX was that they were losing money,
covering up the fact, and defrauding their customers.
What Binance is proposing to do is provide an
independent entity separate from their exchange. Such
an entity, like a bank, would hold at least part of the
person’s trading capital in order to reduce
counterparty risk.
12. According to the Bloomberg article, Binance is looking
into relationships with banks in Switzerland and
Lichtenstein. The pressure being put on Binance and
other exchanges for such actions mostly come from
institutional investors. These folks are used to dealing
with stock, commodity, and currency markets that
provide this service to protect customers from defaults
in their trades.
13. Bank Frick (Swiss) and FlowBank (Lichtenstein) were
mentioned in the Bloomberg article. The rough outline
provided by Binance is that margin funds would be
held by a bank in an interest-bearing account. Binance
would lend stablecoins to the trader based on the
amount in the margin account and charge interest for
the loan. Ideally, the interest paid by the bank would
offset the interest paid by the trader for the stablecoin
loan.
15. Despite all of the monetary losses during crypto winter
the biggest loss was the trust that crypto had gained
from investors. Certainly, there was a lot of volatility
but the system kept growing and seemed to provide
the sorts of independence and freedom from
regulation that founders envisioned.
16. Then it became apparent that much of crypto had
become as centralized as the financial entities that
crypto was meant to avoid. And those centralized
crypto entities, like FTX, were rotten to the core. A
move like Binance’s to make trading more secure by
moving margin accounts out of the exchange itself is a
move in the right direction.
17. For more insights and useful information about
investments and investing, visit
www.ProfitableInvestingTips.com.