Cryptopia Cracked: Are Centralized Exchanges the Method to Go?



It goes without saying that exchanges command significant influence over the cryptocurrency market, being the exclusive portals for fiat into the world of blockchain. Exchanges are also the most significant winners of the cryptocurrency craze, and bank billions by raking in fees and maintaining custody over sizeable crypto wallets comprised of their own funds but also those of the customers. In a largely unregulated environment, the latter idea comes with its own set of implications and risks.

Not every exchange uses its capital to reduce these risks adequately. Instead of reinvesting in a more secure custody service or establishing carefully administered audits, some exchanges may begin to act in their own financial interests. Traders keeping their coins in exchange wallets understand that the direct connection to the market and ability to trade into and out of fiat demands a steep price — and familiarity with this compromise is universal.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*