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this is Anders Brown worth Im the chief evangelist here at circle lets compare how traditional dollars in USD C move between crypto exchanges lets say you want to move 1 million dollars from exchange a to exchange B you can just move the money right you cant actually do that because the money is held in banks each exchange has its own traditional bank account associated with it now Bank a and Bank B dont actually talk to one another so youll have to use your personal bank as an intermediary you move the money from Bank a to your bank and then another transfer from your bank to bank B so how does this work exchange a checks your exchange account if they agree there is at least one million dollars their exchange a tells Bank a to move the money but that still may go through a third party called a custodial Bank you can think about it like an airport network imagine both banks are little regional airports sometimes you need a hub like Heathrow or JFK to connect them just like connec