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RE: The SEC shuts down 1Broker, are other exchanges next?
As long as any of those are not a large part of the liquidity of certain coins, it should not impact the market too much... However, this news reinforces two important things we should all know: (1) do not leave your assets on an exchange and (2) the development of decentralized exchanges are an important next step for the cryptocurrencies to progress.
If these exchanges are forced to liquidate in order to pay fines and penalties it could have a significant impact on coins, especially smaller ones with not a lot of volume.
Hey @newageinv, good to run into you again.
I agree, decentralized exchanges should be the next thing if we're talking about the true security of traders' funds. This is more reason why you might be interested in Digitex. Apart from the fact that traders money are held on decentralized wallets, Digitex will also be a bitcoin futures exchange that is commission free. No more transaction fees of any kind. I wrote about it here. Of course, there is a bit of bias because i am invested in this project in a minimum capacity, but the facts and figures don't lie. Check it out.