Morgan Stanley's arrival in crypto trading is supposed to be a death knell for exchanges. But the industry's seasoned veterans see it differently.
Forget trading. Binance's latest report shows crypto exchanges in emerging markets are evolving into 'shadow banks,' offering crucial financial services where traditional options fall short.
Your next trade on Binance or OKX just got a trust audit. As founders Star Xu and CZ sling mud over old contracts and divorces, everyday holders wonder: who's really in charge here?
Everyone thought South Korea's crypto scene was bulletproof—strict rules, tech-savvy users. Then Bithumb accidentally flung 620,000 BTC at users, and now exchanges must sync ledgers every five minutes. Game over for sloppy accounting.