As questions swirl about how much cryptocurrencies will be worth in the wake of the spectacular collapse of the crypto exchange FTX and other major platforms, a key question has emerged: Who will keep your crypto safe?
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This is one of the many reasons why the trading volume started to increase on decentralized exchanges (DEXes). There are already also a lot of derivatives exchanges that are decentralized on the chain, you don't need to create an account or undergo any KYC process, you only need your wallet. If you are worried about fees on Ethereum, there are already a lot of layer 2 networks or alternatives to the Ethereum network in which the transaction fees are extremely cheap.