I kind of get why they are doing it, but at the same time, if there are coins which are only listed on Bitfinex, those coins are beeing kept hidden from most of the market. I just hope they don't present us with some unreasonable requirement like having to deposit $10 000 to withdraw deposits that is already on the platform.
You are viewing a single comment's thread from:
It's a difficult one. I also get why they're doing it, but something doesn't sit quite right with me about it. I've heard arguments that it will keep newcomers out, allowing experienced traders to trade properly, but not all experienced traders have $10,000 capital to get started either!
Also, maybe experienced traders prefer to trade on platforms with inexperienced traders, as they can be more easily manipulated;)
Yep. That's a valid point. Take today, for example. The markets are down all over the place, and inexperienced hands are panic selling. It's a perfect recipe for experienced traders and investors to capitalise on that and mop up some bargains.