CME Spot Bitcoin Trading Could Threaten Coinbase ETF Dominance, COIN Drops 9.5%

I’d trust CME over Coinbase
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There was a time (not too long ago) that CME was getting ready to be purchased by SBF. Did you forget that already?

Duffy was 100% against this and naturally opposed it. He even went so far as to call SBF a joke, and took a lot of push-back at the time for stating that.

And to make a further point, he mentioned on CNBC had the deal with FTX gone through, it would have caused a 'biblical disaster'. There were some other interesting tid-bits mentioned, that even went outside of crypto, but we'll save that for a later date.
 
The_Krakenite said:
There was a time (not too long ago) that CME was getting ready to be purchased by SBF. Did you forget that already?

Duffy was 100% against this and naturally opposed it. He even went so far as to call SBF a joke, and took a lot of push-back at the time for stating that.

And to make a further point, he mentioned on CNBC had the deal with FTX gone through, it would have caused a 'biblical disaster'. There were some other interesting tid-bits mentioned, that even went outside of crypto, but we'll save that for a later date.
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I was unaware of that….

Still though, I trust the CME system of operation more than coinbase. When you have a problem with the Coinbase platform it’s impossible to get past the help desk operator to cancel an order that wouldn’t cancel through the platform. It took 3 days to get through to someone who had the authority to do it. The frontline help desk would only tell that it was probably a temporary problem and I should just wait for it to correct itself. The CME system of clearing houses and IB’s gives me access to knowledge people with authority to act on the first call.
 
YES where is Coin base regulated
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Don't kid yourself about regulation. All the regulated investment banks keep getting busted for one shenanigan after another. Doesn't change much, but a few fines when caught.

Here, Terry goes off ranting on multiple bigwigs of the 'regulated' CFTC as well as members of congress who put pressure on the CFTC to go ahead with the acquisition by FTX which put 'everything at risk'. Listen closely...


Fun fact! I didn't even realize this until I saw that clip to the end just now, but Duffy also called out John Corzine (predicted in advance) for the very similar blow-up of MF Global. That was also supposed to be 'regulated'. Remember?
 
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Oh that's easy. In the case of the LSE, they simply just 'changed the rules/market' when one of their too-big-to-fail traders blew up all the margin.

Did you forget that too? :sneaky:
 
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