Cryptocurrency markets were built for retail customers, first and foremost, and that’s why they differ so dramatically from traditional finance. In mature markets, prime brokers offer institutions the equivalent of a simple bank account, behind which an army of intermediaries safely stores cash and assets and facilitates trades at lightning speed across a range of venues. Prime brokers also provide credit, allowing traders to shuffle and change positions, with everything netted down and settled a day or two later.
U.S. Court Orders Paxful to Pay $4M Over Illegal Funds and AML Case
TLDR Paxful must pay a $4M criminal penalty after a U.S. federal court sentencing this week. DOJ cut the penalty...
