The crypto industry has been plagued by exchanges doing internal proprietary trading and market-making, where they trade tokens for a profit, raising concerns about potential conflicts of interest.
Parallell to proof of reserves, exchanges should disclose their trading for own or closely related accounts, as a minimum.
Rather, as you suggest, trading for exchanges own account or related parties should be prohibited and left to third party players. In the long run, liquidity would be better and all parties would gain, including exchanges
That's the dream of the crypto industry, and very well said by you! Thank you for your support and more of though-opinion pieces to come. Much appreciate and let's make crypto world liquid
Basically we tokenize stocks/etfs/etc as ERC-20s with 1:1 backing, 3rd party audits, no fees on spread, trasnparency b/c on chain, dividend pass throughs, wider access, ability for end-users to provide/earn from liquidity in DeFi, bankruptcy protections, super high standard of compliance, US based company/SEC transfer agent, no native governance or protocol token that misaligns incentive of stability
Parallell to proof of reserves, exchanges should disclose their trading for own or closely related accounts, as a minimum.
Rather, as you suggest, trading for exchanges own account or related parties should be prohibited and left to third party players. In the long run, liquidity would be better and all parties would gain, including exchanges
That's the dream of the crypto industry, and very well said by you! Thank you for your support and more of though-opinion pieces to come. Much appreciate and let's make crypto world liquid
Hopefully we can solve this same problem with stock brokerages at dinari.com :)
Tell us more how you plan to do that! Curious
Basically we tokenize stocks/etfs/etc as ERC-20s with 1:1 backing, 3rd party audits, no fees on spread, trasnparency b/c on chain, dividend pass throughs, wider access, ability for end-users to provide/earn from liquidity in DeFi, bankruptcy protections, super high standard of compliance, US based company/SEC transfer agent, no native governance or protocol token that misaligns incentive of stability
also the founding team is pretty wild re: past experience :)