"Exchanges"(Exchanges and brokerages in one) are not supposed to be banks. Every... | Hacker News

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		BLanen on Nov 8, 2022 \| parent \| context \| favorite \| on: Binance to acquire FTX "Exchanges"(Exchanges and brokerages in one) are not supposed to be banks. Everything can be withdrawn from brokerages without them being insolvent.

pranshum on Nov 8, 2022 [–]

If the brokerage provides leverage to its customers, it can be subject to the same sort of bank runs that a normal bank can.

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