Crypto Exchanges Prone Security Measures Contributing to Major Hacks

Crypto investors highly depend on crypto exchanges due to their liquidity, convenience, and provision of trading pairs. Cryptocurrency exchanges convert digital coins and are custodians and lenders through the provision of funds for margin trading. Even though crypto exchanges offer convenience, security remains a concern. Traders entrust their funds to these platforms using hot and cold wallets. Nevertheless, hacking threats in crypto exchanges are extreme. A large number of cryptocurrencies are genuinely secure because they depend on distributed ledger technology…