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A comment on Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud. Parent comment

Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by landemva on Thursday December 22, 2022 @11:44AM (#34095327)
> all exchange native tokens more or less work the same way, that would mean they are all securities... If this holds, the crypto exchange game is over.

Exchanges don't need tokens to be a place to swap and park coins. I don't see Kraken or Coinbase using a house token/security. Some exchanges will be okay.

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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by mookerific on Thursday December 22, 2022 @01:47PM (#34096874)
Can someone enlighten me on why exchanges created their me-too coins in the first place? As a way to move out of crypto into a sort of non-fiat purgatory before taking a position again later on? Like, why does BNB even need to exist?
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Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead... by zeven7 on Thursday December 22, 2022 @02:00PM (#34097032)
BNB and FTT exist(ed) so their exchanges can raise/create a lot of money. It's a little similar to why stocks exist, which is why they are clearly securities.
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