In traditional financial markets, exchanges do not hold their clients funds as it is considered to be a conflict of interest. However, in the digital asset space, the vast majority of cryptocurrency exchanges are also the custodians of their clients’ funds, which leads to a too high counterparty risk.
LGO Markets has chosen not to hold customer assets in order to create the most secure environment possible and promote the confidence of our customers. Customers are not facing LGO Markets and do not risk losing their assets if LGO Markets gets hacked or robbed. Instead, their fiat funds and digital assets are stored in their own segregated bank account and trading wallet.