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

Dear @gentles,

Your post is very much informative for me and you write very beautiful lines that will help me in the future.

You have said true that the bankruptcy of such popular exchanges always hurts the investors because they have invested large amount of their assets there.

There is no institution that will reimburse crypto investors for their funds if their cryptocurrency exchange goes bankrupt as it is done in traditional financial institutions.

Yes that is the case because many of the states has not accepting and relaying on the crypto technology and this is a dark side of it that can only be improved by its use cased in different areas.

The negative situation that has been created in the market should be solved as soon as possible to avoid any large loss.

I wish many success for you in this week of the contest.

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Thank you very much @cryotoloover.

It is very true that crypto has a dark side and i hope these issues will be addressed soon

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