Quote from: kryptqnick on Today at 02:52:34 PM

I usually use the first kind of exchanges, to be honest, as I don't need to store money on any centralized services and only transfer it when selling for fiat. There are still some risks here, as you can't be sure the exchange will follow through on their part, so some regulations are needed. But I agree with the op that the regulations should be harsher for those exchanges that hold the money of their clients, might use it for their own purposes (like FTX), and offer more services.
I think the names in the original post are a bit confusing, though, which is probably why many people won't get the difference right. I think I got it right, but only because I have experience with both types of platforms.

Yes, commercial exchanges, or simple swap shops. Investment exchanges or cryptocurrencies portfolio managers.
I wasn't sure what were the most correct words, but I hope everybody understood what I meant now.

There's no doubt regulations are coming, there already there in many countries, but regulators shall make the difference which I made. some easy KYC shall be all that's needed for swap shops, but big companies like Binance shall be much more tightly regulated.