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RE: Steemit Crypto Academy Contest / S6W2- Centralized Cryptocurrency Exchange Platforms and Its Risks
Dear @preye2,
Your informative post is a source of happiness for me as I have seen many new things there that can help me in future.
The influence of the bankruptcy case of the FTX exchange has created an unstable condition among the investors of the cryptocurrencies and they are now afraid of the centralized exchanges.
Binance decision to buy the FTX token and to list this token on its platform will positively influence the price of the FTT cryptocurrency.
True, Binance is the most popular exchange of the cryptocurrencies tradings. It will leave positive impacts of the price of the FTT token if Binance is going to invest there more.
I wish you many success in this week of the contest.
Your lovely words are really motivating my friend. Am glad you found my work impactful sir. Of a truth the incident of FTX has taught many lessons to Investors include highlighting the need for investors to do their due diligence and thoroughly research any platform they are considering investing in.
Thanks for your lovely time here friend, I really appreciate ❤️ :-)