Exchange, Broker, Dealer, and Clearing Agency.
This is why we need multiple larger exchanges folks. The writing is on the wall for Kraken
How true is this?
Kraken used user funds directly to pay for operation costs. They will have to prove otherwise and why they were even in the same account https://www.reuters.com/business/finance/us-sec-sues-kraken-operating-crypto-trading-platform-without-registering-2023-11-20/
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