As anything new I guess any progress is good progress, having this type of companies at least make ppl aware of crypto and as you mention I also think that they are intended to get the clients from Wallstreet into crypto, not common average ppl who will be more incline to a true decentralize network like Hive
I would like to see how it all plays out. Kraken has been on the news lately I think they are starting to like it a lot.
FTX was in the news a lot for a while too.
Not all news is good news. 😁
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