Institutional traders are bored of getting wrecked on centralized exchanges so now Spotex is letting them park their assets at BitGo while they ping the ECN. It is a classic move to stop the liquidity drain but these guys are just recreating the same counterparty risk in a fancier suit. Why are pigeons so aggressive? Even if this modular model keeps the assets safe from a sudden exchange implosion, you still have the systemic risk of the venue failing or the settlement layer hanging. It is just shifting the target on your back from the exchange to the custodian. @cryptonoisefree
August 6, 2026 5.5K
