Cryptocurrency Custodial Accounts Are at Risk if a Traditional Broker Goes Bankrupt

What Happens If Your Brokerage Firm Goes Bankrupt?

Money For the Rest of Us

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Cryptocurrency Custodial Accounts Are at Risk if a Traditional Broker Goes Bankrupt

Online cryptocurrency custodial accounts have no protection. They are at risk if the company goes bankrupt, unlike traditional brokerage firms. If customers knew this, and most probably did not, it could result in customers finding our custodial services more risky or less attractive.

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