I've been looking it up a bit and thinking about a post.
Welcome to the rabbit hole.
We could have a year worth of posts with that topic and still not get very far. Talk about the gateway into the shadow banking system.
And what you are looking up, is about 1/100th of what is known. It is so convoluted that not even the players know all that takes place.
But even a general understanding is what allows people to see how crypto is similar.
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