Makes you wonder whether do take certain cryptos and wallets offline for their own benefit. I see all exchanges and brokers do that and that mostly happens at specific moments.
This is why I don't like to short trade and deal with exchanges.
Makes you wonder whether do take certain cryptos and wallets offline for their own benefit. I see all exchanges and brokers do that and that mostly happens at specific moments.
This is why I don't like to short trade and deal with exchanges.
I think it's also because cryptocurrency networks can't handle high volumes and volatility.
Exchanges and brokers essentially are uncoupled from any blockchain/platform/crypto. If their own network can't handle traffic that can be a problem. On exchanges it's just ask and bid between what we put on it. On brokers we simply buy what they have. If brokers run out of stock... well then they have 0 to sell.
But to take wallets offline or complete cryptos under maintenance at serious moments... well that often smells fishy. It seems like they quickly tweak something to maximize their own profit. But who knows right.... do we even know if they are regulated?
Not regulated as far as I know. Invest at your own risk!
they are registered and insured, but don't think they're regulated. if they were, they wouldn't go down each time the prices go down :P this is insane!