(NewsNation) — The collapse of FTX has put a spotlight on cryptocurrency, but how do cryptocurrency exchanges work?
FTX was an exchange, Maidan told NewsNation, used to facilitate trading cryptocurrency.
“So the collapse of FTX really has nothing to do with crypto itself. Because if that company was allowing customers to buy and sell stocks, then it would have impacted the stock market just the same way,” she explained.
Cryptocurrency is a new technology and Maidan said there’s no surefire way to invest without risk, but there are ways to be safer when investing, like using publicly traded exchanges such as Coinbase.
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