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Nairaland Forum / Nairaland / General / Investment / Don't You Think Crypto Exchanges Need To Be More Open? (69 Views)
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Don't You Think Crypto Exchanges Need To Be More Open? by RidwanMalik: 8:52pm On Apr 11 |
You know, cryptocurrency is all about trust, But it's tough to know if your exchange is keeping your money safe and playing fair. This is where transparency becomes super important. Imagine if exchanges gave regular reports, like showing how many people use them, how much trading happens, and most importantly, how they keep your crypto safe. This would be a huge help in deciding which exchange to trust with crypto funds. Some exchanges like Bitget are already leading the way. Their recent report for the first quarter of 2024 showed a growing user base, lots of trading, and a user protection fund that's bigger than ever before. This kind of detail makes it easier for you to see what's going on. So, don't you think CEXs should follow this way to build trust and bring more users to the CEX so that they can see it's safe to keep funds and trade? |
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