Jesse Powell on Twitter: "@realDannyHakim PB or O/EMS? How is a crypto PB going to manage the counter party risk of exchanges? What of hacks? Is a crypto PB just another exchange that has its own market maker sourcing liquidity from other exchanges? PB's clients park funds with PB and PB parks funds at the exchanges." / Twitter

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Jesse Powell

@jespow

Replying to

@realDannyHakim

PB or O/EMS? How is a crypto PB going to manage the counter party risk of exchanges? What of hacks? Is a crypto PB just another exchange that has its own market maker sourcing liquidity from other exchanges? PB's clients park funds with PB and PB parks funds at the exchanges.

8:02 PM · Feb 21, 2019Twitter Web Client

Danny Hakim

@realDannyHakim

Feb 22, 2019

Replying to

@jespow

Good points - to clarify: Managing cpty risk through increasing ability of MM & EB's providing principle trading with T+1 settlement. Assets move from 1 custodian to another so hack risk is with custodians not exch. PB wouldn't source liquidity from exchanges predominantly

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