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If these guys can get regulated why is Coinbase and Biance USA fighting? sure they have the money

Two diff scenarios I guess 1) USD from US are moved to countries with NO or little FDIC type insurance 2) USD from US are moved to countries with reasonable good FDIC type insurance like UK/ AUS/ Singapore

BIg diff between Euro which was a created currency and all this crypto is Euro has a backing of many govt in turn these govt have assets. Future source of income etc / what does shitcoins has behind it?

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-091mr-binance-australia-derivatives-afs-licence-cancelled/

Def another question, do you offer any cash settled options on ES ( Not SPX) such as BSZ ( or BCZ) not sure

it really doesn't make any difference whether the funding "challenge" firm has real money at stake... sure, as an Individual one can think like that but look at big picture, if the firm as a single entity does not take actual trades,, and IF all of a sudden huge no of funded traders make gains...

answered my own question so Biance is not regulated in USA or Canada.. WTF! https://www.binance.com/en/legal/licenses OTHER LEGAL MATTERS Restricted Jurisdictions Binance does not onboard or provide services to residents of Restricted Jurisdictions or corporate accounts of entities...

Although your point about "fixed max daily loss limits" is valid , the crux of the matter is with the "Pay for test and hope to get funded" business model is the interest of the trader served? what is the real motive of the "Firm" = A) collect thousands in failed fees and fund few or B)...

SO Biance was not regulated in USA? then where was it regulated ?What I don't understand is if this is the world's largest crypto exchange then getting regulated under CFTC like Nadex and others would not be that difficult and certainly affordable to the owner, so why was it not regulated in USA?

Although I am no fan of this "Pay for test pretend prop firms" you are barking the wrong tree .. did you not know that this business model means if you fail evaluation the fee is not refundable? how can you blame them? it doe not matter if the evaluation is on demo or not.... any way it seems...

the third one, are they licensed broker dealer? there is one US address but not sure if they are really regulated there

I posted this in options .... repeating it here since we are discussing event contracts here Is anybody using CME Event Contracts for hedging purposes? Here is one usage I thought of,, can experienced traders analyze and suggest the pitfalls/ risk rewards/ and any alternatives...

Is anybody using CME Event Contracts for hedging purposes? Here is one usage I thought of,, can experienced traders analyze and suggest the pitfalls/ risk rewards/ and any alternatives Assumptions: Trader wants to go long MES so, ( ignoring commissions) Buy to open 1 MES ATM weekly Option...

so if these CDS are for microcap low floaters who would be the counterparty? and it is a binary event correct? so does XYZ company goes out of business by xyz date? YES or NO so two parties bet against each other! same as event contract of a sort either retail with a pro MM or whatever...

offshore, regulated, US, EU, you name it.. may be they were market maker model where as CME product is True exchange everybody can make a market... Is it not a P to P bet with a possibility to close out same as pto p betting/ trading exchange like betfair! Re If you want to improve, offer...

If you don't mind disclosing then 1) How much you have spent on test fees and 2) Is that 300 K real 300 K or notional if it is real then with 1:6 leverage on ES futures you can take a HUGE position exposure..

IS there a trading depth Dom trader? and what is the fee for the $1 contracts and how do we know your company or a company owned by you is not the counterparty? Like Nadex is owned by IG and major market Maker on Nadex seems to be owned by IG, whereas CMe is a true exchange

So this is same as CME event contracts $20 settlement.. so why should we trade these over CME? and also you dont allow non us RESIDENTS TO TRADE!

Yes.. a top JURISDCTION ! LOL

Not to mention most of these are based on milking the fees hamster wheel ,, test fees x tests fees and some when they claim you are funded don't even give you real account... but a demo! how is that legit? if one trader makes huge profit and they have to pay where is the money going to come...