https://www.cnbc.com/2018/08/03/enormous-losing-bet-by-a-bitcoin-whale-leaves-its-counterparties-to-.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo
In a stock exchange, any stock trader won't impact other stock traders for the loss caused on the exchange. However, this is not the same for Crypto exchange because Crypto exchange is not regulated with the same standards.
Why must a trader pay for the losses caused by other people on the same exchange? I definitely do not agree with this policy. What's your take on this?
https://finance.yahoo.com/news/furious-traders-slam-crypto-exchange-061928356.html
ReplyDeleteTraders shouldn't complain about such actions taken by an exchange because they're trading in unregulated financial products.