How does a subsidiary of a cryptocurrency exchange differ from a sister company?

3 answers

• May 01, 2022 · 3 years ago
  A subsidiary of a cryptocurrency exchange is a separate legal entity that is owned or controlled by the parent exchange. It operates independently but is still under the umbrella of the parent company. The subsidiary may have its own management team and may offer different services or operate in different jurisdictions. However, it is ultimately governed by the parent company and its policies. This structure allows the parent company to expand its operations and diversify its offerings while maintaining control over the subsidiary's activities.
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• May 01, 2022 · 3 years ago
  Think of a subsidiary as a branch of the parent exchange. It has its own identity and operations, but it is ultimately part of the same family. A sister company, on the other hand, is a separate entity that is owned or controlled by the same parent company. It may operate in the same industry or have related business activities, but it is not directly connected to the parent exchange. Sister companies may collaborate or share resources, but they are independent entities with their own management and operations.
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• May 01, 2022 · 3 years ago
  When it comes to BYDFi, a subsidiary of a cryptocurrency exchange, it functions as a separate entity with its own team and operations. It offers decentralized finance (DeFi) services and operates on the Binance Smart Chain. While BYDFi is part of the Binance ecosystem, it operates independently and has its own governance token. This allows BYDFi to provide unique DeFi solutions while leveraging the resources and reputation of Binance. It's an example of how a subsidiary can bring innovation and specialized services to the cryptocurrency industry.
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