Just wondering what stops exchanges from allowing purchase of popular alt coins with fiat directly? (apart from their own very heavy bitcoin investments).
You are viewing a single comment's thread from:
Just wondering what stops exchanges from allowing purchase of popular alt coins with fiat directly? (apart from their own very heavy bitcoin investments).
The answer is most cryptocurency exchanges do not have access to banks to offer fiat services to clients. The reason for this is that the majority of banks do not accept cryptocurrency activity as they see it as risky.