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100 sats \ 1 reply \ @takaponka 29 Sep 2022 \ parent \ on: Swan Acquires Specter, Maintainers of the Open Source Software and Hardware... bitcoin
For now funds at Swan are protected by same big trusts that manage coinbase and others. This firm ( forgot name) has 50/60 % share of CEX funds. So they encourage self custody but actually not practicing it. This is not pointed out enough.
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40 sats \ 0 replies \ @rheedi0 29 Sep 2022
Prime Trust. Apex is another big player. Both handle the backend clearing for lots of exchanges. I think the regulatory burden is a major reason companies use these brokers, it can save a lot of time going to market.
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