What it has in common with securities is the opportunity to scam less informed consumers. The frequency of leading cryptocurrency exchange insolvencies/hacks w

What it has in common with securities is the opportunity to scam less informed consumers. The frequency of leading cryptocurrency exchange insolvencies/hacks was far greater three-five years ago than today, and it's been that way for about two years. I don't think it's too early at all to make a judgement based on that. The security practices are also very obviously qualitatively better with widespread use of cold storage. Institutional factors like much larger organisations being vested in the leading exchanges is also an indicator of security.