The old adage, "If you don't hold it, it's not yours" is never more true than in this digital currency world we live in today. I know here in the US, the fractional reserve banking system only has to have 10% of your deposits on hand and can lend out the other 90% in essence to create more money out of thin air. Smoke and mirrors at it's finest.

I've looked at cypto exchanges like this, the banks and financial trading institutions are regulated by the FSOC and SEC here in the US and are still constantly getting in trouble for corruption and manipulation (and there's a hell of lot more they get away with they don't get busted for), what on earth could be going on in the crypto space where there is no regulation whatsoever?

While in a perfect world we'd all love to have no financial oversight and be able to enjoy more freedom, a very disturbing thing always seems to happen when some businesses are entrusted with other peoples money.

I agree with you that something at Polo just smells bad. These exchanges are set up to make money, that's their sole purpose. Their loyalty should be with their customers first and foremost, but if history has taught us anything, it's shown us when it comes to money, anything can and will happen.

Something very important happened Monday concerning crypto and possible regulation that seems to have flown under the radar, here's a quote from the Wall Street Journal: “On Monday, a bitcoin options exchange called LedgerX won approval from the Commodity Futures Trading Commission to clear bitcoin options, making it the first U.S. federally regulated platform of its kind.” What could this mean for crypto? A ton of big institutional money could soon be flooding into the crypto space in the near future that could moon BTC, but also the caveat of having to deal with paper derivatives that can easily be manipulated by traders with deep pockets.

There's a ton of interesting developments going on now in the crypto world. I have a feeling it's going to be a fun but sometimes bumpy ride.