You can't be the biggest, fastest, and most secure exchange all at once. Ledn co-founder Mauricio Di Bartolomeo says the Binance hack shows why exchanges shouldn't act as their…

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You can't be the biggest, fastest, and most secure exchange all at once. Ledn co-founder Mauricio Di Bartolomeo says the Binance hack shows why exchanges shouldn't act as their own sole custodian "Y…

You can't be the biggest, fastest, and most secure exchange all at once. Ledn co-founder Mauricio Di Bartolomeo says the Binance hack shows why exchanges shouldn't act as their own sole custodian "You hit a very important point, which is one of the really structural or strategic reasons why Ledn decided to work with qualified custodians, as opposed to building our own qualified custodian." "We work with multiple custodians, Fidelity, BitGo, Anchorage, etc., because we believe that allows us to lean on the work of professionals that are regulated, that are doing the right thing, and allows us to diversify." "In the case of Binance, they were their only custodian. They hold all of their assets in one. A mistake is basically, you see what happened." "It's really hard to be everything for everybody. You cannot try to be the biggest exchange that allows for the largest withdrawals processed in the fastest time, and also try to be the most secure. Those things all come at odds with each other."

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