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RE: The SEC shuts down 1Broker, are other exchanges next?
How bad would be that all exchanges that allow margin trading get shut down?... No more people shorting BTC sounds good to me LOL... Anyway, not sure if this is bad at all, this means that all the other exchanges are perfectly legal and that there is a regulation in cryptocurrencies that will bring more serious institutions to the market...
I highly doubt it. I think they chose the low hanging fruit first. 1Broker was blatantly breaking all kinds of laws. Next they likely target the next level of low fruit hangers. There is a possibility that some well known exchanges are on their list...
Yup, true that. I think some of these top exchanges aren't at the top of their blacklist yet, and some might even have good connections to the SEC to ward off/delay any form of intimidation of seizure. But in all, a truly decentralized exchange would set things right.
However, all of 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 because the exchange has only one token: the DGTX, and they plan to mint a small amount of this token every 2 years to take care of management and fees for everyone. What do you think? Bitmex killer, maybe?
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.