Post
Topic
Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
NeverSop
on 01/05/2021, 06:05:07 UTC
I think you heard the last news about the Turkish stock exchange:
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose


The crash of the Turkish exchange, though, ripped apart, adding to the loss for everyone.
 I still think, We need a cex to make sure some asset support is still being held for us with other security related issues.  To be fair, Cex is the link that connects communities around the world to bitcoin and crypto.  The abuse of Thodex, Vebitcoin will make the community wake up and they come to dex like Uni, Bake, Apeswap, as a matter of fact.  It will be a very strong future trend.