Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Coinpedia Fintech News on June 03, 2023, 12:47:35 PM
-
The cryptocurrency market witnessed a significant shift in May 2023 as centralised exchanges experienced a remarkable decline in trading volume. Data from The Block reveals that volume reached its lowest point since October 2020, plummeting by a staggering 27%, or $440 billion, compared to the previous month.
What is the reason? How will this impact you, the investor? We have covered it all. Read on at Coinpedia for all the details!
-
I believe all these is due to fud created in the Market about Centralized exchange started with ftx last year
we can't guess which exchange gonna shut next like Recently their are a lot of rumours about Mexc as well as hotbit
Each day their some or other Country Possing some type of regulation somehow or other effecting the Volume of Exchange
Yes Decentralised is safest option and community is also ready to give fees if it help them to hide their identity But In past decentralized is Also got Compromised so for crypto invest what you afford to lose
From last 3-4 Year we can crypto community grow really fast but i belive scams and exchange shutdown will effect the Trust 😌
-
This is nice! Decentralized crypto, finds it's place. Decentralized exchanges.
-
The market is not stable as usual, at the moment I prefer TFS token, they are having a good upswing right now
-
I believe all these is due to fud created in the Market about Centralized exchange started with ftx last year
we can't guess which exchange gonna shut next like Recently their are a lot of rumours about Mexc as well as hotbit
Each day their some or other Country Possing some type of regulation somehow or other effecting the Volume of Exchange
Yes Decentralised is safest option and community is also ready to give fees if it help them to hide their identity But In past decentralized is Also got Compromised so for crypto invest what you afford to lose
From last 3-4 Year we can crypto community grow really fast but i belive scams and exchange shutdown will effect the Trust 😌
I love the points you highlighted, the fud started with the issue of FTX though I equally feel centralized exchanges also have their own part to play in this, since they’re aware of the fud is it not better to make the proof of reserve known. Some times it’s better to give clarity to users in a situation of uncertainty than to keep things to theirselves. Last Binance and Bitget got their proof of reserve declared to the public of which it has given the two exchanges so much credibility till today.