Crypto Exchanges Clamping Down on Prime Brokers Is Backwards Step for Market Efficiency, Traders Say
Briefly

Binance and OKX are preventing prime brokers from using their fee systems to lower costs, aiming for fair play. Critics warn this could harm market efficiency.
Crypto markets differ from traditional finance due to disintermediation, real-time settlement, and challenges with upfront funding for large trades, which prime brokers can help solve.
Read at Coindesk
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