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slackboulder t1_ivye2p5 wrote on November 11, 2022 at 3:14 PM

Reply to comment by [deleted] in [OC] Binance - FTX saga in 4 mini charts by giteam

It's an exchange, not a bank. They were supposed to be a place to hold/exchange your crypto.

[deleted] t1_ivykf67 wrote on November 11, 2022 at 3:58 PM

[deleted]

[deleted] t1_ivzhd5x wrote on November 11, 2022 at 7:38 PM

Except banks actually have to follow regulations to separate and mitigate these risks:

https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act