Do Extensive Research Before Investing in Crypto, Expert Warns
Newbie crypto traders shouldn’t rely only on info provided by exchanges and should be more responsible when investing
Customers play a key role in the risk evaluation and should not count on crypto exchanges to avoid scams and price crashes, the founder of exchange platform Kraken, Jesse Powell, told CNBC on Tuesday.
Powell insisted, that potential investments must be done with the thought in mind about the high volatility of the crypto world, in which prices go fast up and down. He underlined that his exchange has the task to secure that every coin is legit, but it is not responsible for its price.
Kraken is presently the eighth biggest exchange by trading volume, with a 24-hour turnover of about USD 300 million.