Hakuna.. could not agree with you more.. hope one of the following 3 things happen
1) People wise up and shun such products
2) The industry gets cleaned up and becomes more of a true exchange with good liquidity
3) Best would be major exchanges come up with similar product with robust oversight! (on all counts) and similar interface
Until then keep away
Will it happen.. who knows even with FX there is still no major exchange traded product on SPOT ( there are ICE currency futures and Currency ETF but no SPOT)
Wonder why major exchanges don't think along those lines...?
If they do come up with such product why any sane person would even bother with tin pot operators?
1) People wise up and shun such products
2) The industry gets cleaned up and becomes more of a true exchange with good liquidity
3) Best would be major exchanges come up with similar product with robust oversight! (on all counts) and similar interface
Until then keep away
Will it happen.. who knows even with FX there is still no major exchange traded product on SPOT ( there are ICE currency futures and Currency ETF but no SPOT)
Wonder why major exchanges don't think along those lines...?
If they do come up with such product why any sane person would even bother with tin pot operators?