Coin Gabbar Token

<ul><li>Investors turned to non-custodial platforms after FTX collapsed.</li><li>On November 11, the day FTX filed for bankruptcy, Uniswap, a major DEX, saw a large surge in trading volume.</li></ul><h2 id="header-0">Following the FTX collapse, a wave of crypto exchanges failed or filed for bankruptcy, driving investors towards non-custodial platforms.</h2><p>The collapse of the <a href="https://www.coingabbar.com/en/crypto-currency/ftx-token-ftt-prices-usd" rel="noopener noreferrer nofollow">FTX </a>empire, which took place over 10 days in November 2022, had a profound impact on the entire crypto market. On November 11, 2022, FTX filed a petition for Chapter 11 bankruptcy relief under the United States Bankruptcy Code, and founder Bankman-Fried announced his resignation. The company, which was valued at $32 billion, has $8 billion in liabilities that it cannot pay to as many as 1 million creditors, according to paperwork filed by FTX in its bankruptcy case.</p><h3 id="the-benefits-of-ftx-faisco">The Benefits of FTX Faisco</h3><p>The age-old story of managerial haughtiness, excessive risk-taking, poor regulation, and risk management can be used to explain the startling demise of FTX. The catastrophe has, however, also given us more information on which to think regarding the value of risk management leadership and culture.</p><p>If the disaster had one benefit, it was teaching cryptocurrency investors the value of decentralised finance over <a href="https://www.coingabbar.com/en/crypto-currency-news/web-hackable-internet-decentralised-safer-2" rel="noopener noreferrer nofollow">centralised </a>exchanges. Customer funds can become stranded, a phenomenon that has been well known since the collapse of the Mt. Gox exchange. However, it can be observed from recent on-chain data that consumers have finally realised the value of removing money from exchanges and obtaining self-custody of their monies.</p><h4>DeFi Use Is Growing</h4><p>More than 350,000 Bitcoins have been withheld from cryptocurrency exchanges since November 2022, while 260,00 BTC have been removed from same markets, according to data collected from Santiment, a behaviour analysis platform.</p><p>Many users have taken their cryptocurrency holdings out of exchanges and are now trading their money using non-custodial options. One of the biggest decentralised exchanges (DEX) in the ecosystem, Uniswap, had a significant increase in trading volume on November 11, the day that FTX filed for bankruptcy.</p><p>Although the developing ecosystem of DEX platforms may be subject to its own distinct set of dangers and vulnerabilities, watchers of the market feel that with sufficient due diligence and the elimination of human error, DEX platforms may soon be preferred over CEX platforms.</p>

Have Centralized Exchanges Finally Died?

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