The Investment Thread
This is why I got major trust issues. And why I keep 99% of my GameStop shares in a “cold wallet” aka …registering those shares with the transfer agent Computershare.
These exchanges/brokers do what they want with your invested capital. In the case of FTX they took your money and made risky bets with it. All while you can open up the pretty app and can see you “own” this stock or “own” these coins.
It’s why banks won’t let you use brokerage shares as collateral for a loan…but you can if those shares are registered in your name.
I’m keeping an eye on Robinhood. FTX had a 7-8% stake with them.