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Binance: what are nested exchanges, how it affects you and how to avoid them
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In the digital asset world, users may come across the concept of a “nested service” when using certain features of an exchange. This concept is not uncommon in the traditional or digital banking worlds and is often used to extend the features of a platform to a set of end-users. An example of this is where users gain access to additional trading pairs from another exchange, or if a bank operating in one country wants to extend their services into another region, a feature known as correspondent banking.
Taking this concept one step further, entire nested cryptocurrency exchanges have emerged, operating in a very similar way as to the process described above. A user or investor may create their own account on an exchange and offer “trading
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