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May 01, 2013, 02:44:01 AM |
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Well very little in this world is "safe" but the exchanges don't really keep your money. They transfer your money to the issuer of the security, in exchange you are registered as holding 'x' number of shares. Theoretically, even if the exchange shut down you would still hold those 'x' shares with the issuer (of course the reality would likely be a little more messy than that).
The business model is that the exchange takes a small fee from every transaction.
The far bigger risk is the issuers of the security themselves. ASICMINER is certainly one of the most promising but a large percentage of the others are just terrible, and the exchanges assume no responsibility if the issuer of the security just disappears or shuts down.
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