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What Happens If Your Brokerage Firm Goes Bankrupt?

Money For the Rest of Us

CHAPTER

The Risk of a Crypto Brokerage Failure

When brokers in the past have co-mingled accounts, there has been regulatory action taken against them. Don't keep your cryptocurrency assets with a brokerage firm unless you're willing to lose it all. We've seen crypto fall 80% or more. It's no wonder cryptocurrency isn't taken seriously by many in traditional finance because they don't act like traditional finance with the protections that are there.

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