RE: Steemit Crypto Academy Contest / S6W2- Centralized Cryptocurrency Exchange Platforms and Its Risks

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Steemit Crypto Academy Contest / S6W2- Centralized Cryptocurrency Exchange Platforms and Its Risks

in hive-108451 •  2 years ago 

Your explanation is on just next level you really cover the whole topic in a very precise and accurate way.

Binance is a very reputable and transparent exchange platform and this would have given assurance to investors if they had acquired the FTX platform but they could not due to some reasons like FTX mismanaging users’ funds and some other reasons.

In other reason I want to add a thing which is the trust that FTX losses by using the users fund in thier own investment. I think this is a crime that they use user funds In Almeda research.

I also don't think that FTX and FTT have any future because they broken the trust and without trust Cryptocurrency is nothing.

FTX left a significant bad impact on the Cryptocurrency and I think it will take long time to eliminate it's effect from Market.

You're explanation is outstanding and you have impressed me by your entry. Thanks for sharing such quality and Informative Post.

Good luck in this contest visit my article too

@cryptobitcoins

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Thank you very much @cryptobicoins for your comment.