This means users will not have to deal with exchanges holding on to customer funds, and bring back the peer - to - peer aspect associated with digital currency. (bitcoinist.com)
On the other hand, exchanges hold hundreds, even thousands, of wallets and so they make for juicy targets. (finder.com)
Currently, about 52 % of small exchanges hold a formal government license, compared to only 35 % of large exchanges. (crowdfundinsider.com)