Crypto: Own your own keys = own your own wallet = own your own coins Stocks: own your own assets through direct registration DTCC withdrawal or direct purchase through transfer agent FTX is just another centralized exchange just like all brokerages. DEX is the future and the revolution will not be televised. $billions of “tokenized” stock that was never purchased. Used as collateral? Yup. Used to open new naked shorts? Probably… Who has any insight otherwise?
How can you trade if you own your keys and wallet?
Either through a dex, or if you have to, on a cex but your only on there for minutes to make the trade a move off.
Exactly rivian!
If everybody keeps their tokens under their virtual mattress, there’ll be no trading or market for them. Then theyll definitely be worthless 😂
Better than losing it all in a bankruptcy, as has happened with Celsius, Voyager, BlockFi, FTX, etc. At least, if you have the crypto keys there is a chance it will be worth something in the future.
❤️ DRS. Not your name, not your shares.
Most important learning is don't get financial advice from Reddit meme forums. Drop the wallstreet bets stupid DRS. Any decent broker has SIPC insurance and isnt run by sweaty Adderall fiends in the Bahamas.
Do you understand DRS is the same thing as you owning your assets? Not just some # on a ledger?
Stocks have your standard SIPC protection. Crypto exchanges are unregulated and people trusted a nerd who setup his shop in the Bahamas.