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RE: Relevance of exchanges' asset protection funds in boosting crypto users' confidence
I couldn't agree more! Safe and trustworthy exchanges are the foundation that allows the crypto ecosystem to flourish. Some exchanges seem to prioritize profit over user security, which concerns anyone looking to invest in the long run. But sadly, some platforms operate with questionable practices and lack robust features. Therefore, it's crucial for investors, especially newcomers, to do thorough research and choose exchanges wisely.
I agree with your point that safe and trustworthy exchanges are the foundation for crypto to flourish that is why is very important to use an exchange that align to this principles. POR and Users protection fund introduction to this industry is geared toward reinstating confidence and transparency and as a precautionary measure against further FTX scenario as such users need to prioritize this features when choosing an exchange.