Following the scandal and bankruptcy surrounding the Bahamas-based cryptocurrency exchange FTX, the whole crypto economy has once again found itself under increased scrutiny. Can crypto holders trust centralized exchanges? If not, is the decentralized model better if there are no regulators and safety valves to protect them? You can easily see why faith in cryptos gaining increased adoption is going down the drain. From “What’s going to be Bitcoin’s (BTC-USD) price next year?” the conversation has shifted to “Which is the next crypto exchange about to crumble?” However, in my view, Coinbase (NASDAQ: COIN) is not the next FTX, and I'll explain why in this article.
