It's understandable to be concerned about the safety of your investments, especially with the recent news about KuCoin and the ongoing regulatory scrutiny of other exchanges like Binance. Kucoin action will draw increased scrutiny from financial regulators, leading to stricter regulations and compliance requirements in the future, this could cause a FUD in the market cause users may find their access to the platform restricted or their funds subjected to legal scrutiny, which could lead to a loss of funds or asset availability. https://www.cryptonewsz.com/kucoin-pleads-guilty-unlicensed-money-business/
I believe the exchange that we could trust at the moment is Bitget cause it has been gaining attention and has a user-friendly interface, it offers various features to help users discover new projects that can be appealing including its use of cold storage to securely store cryptocurrencies, which protects assets from online threats and Implementing robust security protocols such as two-factor authentication, Coinbase is known for its strong regulatory compliance in the U.S and they provide insurance for digital assets stored on their platform, Kraken another well-regarded exchange with the history of regulatory compliance and also prioritize security and transparency. However, always research their security measures and regulatory compliance.
Do you think any other crypto exchanges could fail like Kucoin and FTX, I'd like to hear your opinion on this cause I'd like to know which exchange you guys think is safe and user-friendly.
