The danger with that is banks not having enough cash for everyone because too much was loaned out. That's not possible with crypto because you can't loan crypto (yet). Even then its not like people are even withdrawing crypto, they're just divesting their securities to cash.
Are the exchanges required to buy their users crypto back? I thought they were just wallet hosting services that happened to also offer the ability to buy and sell from them.
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That's not really how crypto exchanges work. I don't think they have crypto loans yet.
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The danger with that is banks not having enough cash for everyone because too much was loaned out. That's not possible with crypto because you can't loan crypto (yet). Even then its not like people are even withdrawing crypto, they're just divesting their securities to cash.
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Are the exchanges required to buy their users crypto back? I thought they were just wallet hosting services that happened to also offer the ability to buy and sell from them.
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