This is for boomers... polypolipauli "I bet their goal is to condition folks to associate the price on their exchange with the value of a particular crypto. Being self regulated, or at least for now entirely unregulated, there is no doubt going to be means to counterfeit via running fraction reserve and payment for difference scams within this enviornment allowing for purchases to hit the blockchain, or not, in whatever fashion moves the price (on their exchange) as would benefit their aggregate position. Which is why decentralized exchanges and privately held wallet addresses are critical. Of course, given the the public's appetite for privately run scams like binance, this is going to be a lesson the public is going to have to learn the hard way in 10 if not 100years from now as future apes wake up to realize the crypto market has become a completely fraudulent system. Thankfully, unlike with stocks, the unique nature of crypto allows it to be innately decentralized meaning you don't HAVE to participate in the fraud if you don't want to the way you must with stocks (currently). Only problem is, just like how no one will pay you $30,000 for your GME because, like, they can get a share from fidelity for only $30, future retards may be unwilling to buy you eth for more than $30, because that's what they go for on MEMX. Just don't try to DRS your MEMX crypto out of the exchange and into your private wallet. Another difference being that unlike shares, crypto are more akin to commodities as many hold the dual utility of being burned to execute function on their network, and that limited and in demand supply makes suppressing the price difficult as reality gets a say because counterfeit phantom fractional reserve naked positions aren't actually on the network and don't actually exist to be used. Silver is a commodity with finite supply and an industrial demand that now exceeds aggregate production and yet it's price is nonetheless suppressed (for now), so it will be interesting to see if the methods translate successfully into crypto as well where blockchain records will make unveiling the fraud easier at least in principle."
"If you're stupid and you know it then go ahead and use it. All of them got a history of fines and cost of business for fucking over retail investors, and crypto is even more unregulated."