(NewsNation) โ The FTX crash has put cryptocurrencies in the spotlight, but how do cryptocurrency exchanges work?
Business Insider correspondent Laila Maidan discusses the technology behind cryptocurrencies and why FTX collapse It doesn't mean doom for him. the whole industry.
FTX was an exchange, Maidan told NewsNation, used to facilitate cryptocurrency trading.
โSo the FTX crash really has nothing to do with crypto itself. Because if that company allowed customers to buy and sell shares, it would have impacted the stock market in the same way,โ he explained.
Cryptocurrency is a new technology and Maidan said there is no safe way to invest without risk, but there are ways to be safer when investing, such as using publicly traded exchanges like Coinbase.
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