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Crypto Exchanges Have a Collective Responsibility to Educate Investors, Says Bitcube CEO

Crypto Exchanges Have a Collective Responsibility to Educate Investors, Says Bitcube CEO

As part of the collective responsibility, cryptocurrency exchange Take the lead in increasing financial knowledge about digital assets so that investors are aware of the negative factors, They say Top Jirayut Sruprisopa, CEO of Thailand-based crypto exchange Bitkube.

Volatility has emerged as one of the biggest downside risks in the crypto market. This is an issue that Shruprisopa highlights because bearish prices do not hinder an uptrend. cryptocurrency, He mentioned:

“You have to differentiate between a short-term shock to the market and a long-term outlook.”

For example, Bitcoin (BTC) slipped below the psychological value of $20K for the first time in 18 months, based on tighter macroeconomic factors such as increased interest rates.

Nevertheless, the major cryptocurrency has gained momentum and reclaimed this level as it was hovering around $21,100 during intraday trading, according to CoinMarketCap.

According to Sruprisopa, with proper financial education, crypto users will be able to make smart decisions. Bitcube CEO commented:

“We have always said don’t put all your eggs in one basket and don’t borrow money to bet. We need to get the right financial education, not just in cryptocurrencies but in the stock market as a whole.”

As the largest crypto exchange in Thailand, Sruprisopa acknowledged that Bitkub welcomes regulations to play a major role as they will make the industry safer. He added:

“Everyone is doing their job. Regulators are trying to mitigate risk and ensure that things go well in terms of consumer protection and financial stability. We are trying to build a digital infrastructure for the country.”

Meanwhile, Sam Bankman-Fried, CEO of crypto exchange FTX, noted that federal Reserve (Fed) was responsible for the decline in cryptocurrencies.

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Crypto Exchanges Have a Collective Responsibility to Educate Investors, Says Bitcube CEO

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