I can't count on my fingers, the numerous barriers posing as hindrance to the wider range of crypto adoption in various countries or globally.
-We have a lack of understanding of crypto and blockchain as a major barrier.
-Security concerns: Fear of getting hacked or scammed.
-The volatile nature of cryptocurrencies: Losing funds due to the volatile nature of cryptocurrencies.
-Regulatory concerns.
-Poor user experience but to name a few.
We can argue that the crypto industry is still relatively new, but what roles are exchanges playing or what are they doing to foster its adoption amidst these various challenges?
Why would Cryptos exchange want to foster crypto adoption? I mean crypto adoption is something when you pay for your services and goods using Cryptos. Crypto exchanges run for their business. Their business is to make people think that cryptos can be used to make quick money and that's what they advertise. Talking about regulatory concerns also their role is to make sure that they ensure people feel safe legally when transacting on the exchanges, while depositing and withdrawing.