5min chapter

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Crypto, Traders and Unfettered Financial Markets with Stephen Diehl

Life Itself Podcast

CHAPTER

The Conflicts of Interest in Cryptocurrency Trading

In our system currently list in the united states, there's a clear separation between li clearing houses, brokers and actually salle directly customers. And at least on the market makers, these are extremely regulated entities. But with prop trading, which is like an innhouse hedge fund, you could do some really, really amazing things because you have probably the most privileged information to basically set and make the market however you want it to make. That's not really capitalism any more. This is a very slick, a casino, bucket shop kind of world nowt casino is sino. We've talked about what can happen in financial markets when people get over leveraged or other kinds of regressions.

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