Post
Topic
Board Economics
Re: Arthur Hayes of BitMEX: 0% Fee Chinese Exchanges Are Operating As Shadow Banks
by
aso118
on 17/09/2018, 09:55:47 UTC
Nothing stops these exchanges from earning a return on these deposits. I just hope they do it from relatively safe venues like bank deposits. You don't need to make 10% returns per month when there is a risk that your customers might try to withdraw funds at any point in time.
It would help if these exchanges come out with a statement on where their funds are stored.