nostr:note142umx6jug7ka7nv299hw6eph992dhxxervmyp07n9mtnv2dmmk6sy8hpz6
Strike now does self custody, Swan switched away from Prime Trust about a week and a half ago, Fold is still using Prime Trust though.
Discussion
About a months ago I emptied my strike, and I closed the fold about the same time when they changed their model. Thank you for the conformation.
Possible that this is state specific, but given everything else it may not be? Strike also specified for Idaho customers over email even though it sounds like it’s company wide. 
Not sure it’s Prime Trust although that was my first hesitation.
In speaking with Will Reeves this AM I asked him about the arbitrage between Prime Trust and Binance….
His response, “Get it while it’s hot”
As for the licensing my understanding is it’s state to state. They need to be renewed.
Binance.US used prime trust in the past but since transferred to “Wyre” based out of China.
If I had to throw a dart I would say Wyre is the one. Which I’ve never heard of until today.
But who the hell knows. I transfer all Bitcoin out of Fold every buy and every time rewards reach 50k sats I move them. 🤪
I'm betting on a nothing burger and/or some custodian that we never heard of before.
Yeah, I don’t really care what it is considering we have protected ourselves but whatever it is, it was involved in shitcoinery thats 100% certain. 😂
What’s going to be interesting thinking forward is a company like farenheight which was the aquirer of Celius….
Also how the hell Crypto.con is a thing? 🤷🏻♂️
Putting my tinfoil hat on, beyond CBDC… Chokepoint appears to be paving the way for the EDX. 
Exactly. How the fuck did they survive all of that contagion last time around with most of their liquidity tied up in their own CRO Shitcoin?????
JFC, why have I not heard of this till now? Citadel? really?? The regulators are just working for the current establishment and slowing down Binance and Coinbase with red tape until they get their competing options in place. NOT AN ENDORSEMENT FOR A SHITCOIN CASINO.
“The digital asset marketplace platform was founded in 2022, with Citadel Securities' former global head of business development, Jamil Nazarali, acting as CEO.“
My BTC and cash are stuck on strike. They're limiting withdrawal to $25 /day.
Strike is state to state self custody I believe. I think there is still some reliance and that may be due to licensing timing.
From what I gathered. Lots of grey areas there. 🤷🏻♂️