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A centralized crypto exchange is as centralized as a bank. Both have the same security risks. What cannot get hacked in the same way are decentralized exchanges
by rrecuero 9y ago
A centralized crypto exchange is as centralized as a bank. Both have the same security risks. What cannot get hacked in the same way are decentralized exchanges like RadarRelay
- skybrian 9y agoI guess, but looking at RadarRelay, apparently you can't trade anything except Ethereum-based tokens, so that's barely an exchange.
- CryptoPunk 9y ago92 of the top 100 tokens and something like 40 of the top 100 crypto assets (tokens and coins), by market capitalization, are Ethereum-based tokens, so that is a substantial potential market.
- skybrian 9y agoThat's okay as far as it goes but it's very limiting. Everything that really matters in life and nearly all possible investments are not on any blockchain. Even for crypto coins, the most important trades are for things not on a blockchain.