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    > Financial institutions have to log a lot just to comply with regulations
Where is Binance regulated? Wiki says: "currently has no official company headquarters".

    > On an exchange that does billions of operation per seconds
Does Binance have this problem?


Binance boss just came out of prison, so he is not above the law.

And yes, they likely have this problem, because crypto is less regulated and full of geeks, so they have way more automation compared to traditional finance, at least proportionally to its size. You have bots on top of bots (literally, like telegram bots that will send orders to other bots copy-trading other bots).

In fact, there is even an old altcoin dedicated to automation: kryll (https://www.kryll.io/). They have a full no-code UI to create a trading bot with complex strategies that is pretty well done, from a purely technical perspective. They plug into many exchanges, including Binance.

Also, because it's less regulated, copy trading/referral/stacking is the Wild West, and they generate a lot of operations and fees.





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