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The seem to be banks and exchanges. NYSE and Nasdaq are exchanges but don't hold customer funds they execute trades and that is it. These crypto exchanges are more like banks...and that is the problem. Until banks allow crypto accounts and connection to exchanges this will keep happening.


Something closer to a retail brokerage, maybe?


And they shouldnt be allowed to trade or issue tradeable tokens. Something like the Glass-Stegall act, abolished by Clinton.


They're like an exchange and a brokerage firm rolled into one.




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