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RE: Coinbase Finally Has Competition: Robinhood is Entering Crypto

in #cryptocurrency7 years ago

I'm glad to see alternative exchanges popping up. When everyone who are new to crypto stores all their currency on the same exchange, the exchange gets too much power in my opinion. They basically become a bank and can sell more currency than they can actually account for. I'm sure there are some regulatory mechanisms to prevent this, but still, to me, it reduces the point of cryptocurrencies.