Do you think introduction of protection funds can restore investors confidence back to CEX
Though the collapse of FTX took away the confidence of many crypto investors and traders away from centralized exchanges, I think it was a blessing in disguise because the collapse actually birthed the introduction of user protection fund from some top exchanges to keep their customers and give them some level of confidence that such a scenario that befell FTX is properly guided against.
In this space, we know security is of essence and after several failure from some cex ranging from either hacks, scams from the CEO and other forms of manipulations, it has become increasingly difficult for some investors to trust exchanges despite the fact that this exchanges play a huge role in the crypto landscape.
Do you think the introduction of user protection fund can reinstate the confidence of investors back to CEX?