Re: If You Owned a Crypto Exchange, What Feature Would You Add First?
by on 02/12/2025, 15:24:31 UTC
I would say transparency, especially when KYC and coin screening is involved. Sometimes i hear exchange reject KYC verification with no or vague explanation. When exchange freeze or block deposited coin, they usually only say suspicious or illegal source without more detail and doesn't let customer prove otherwise.
These things are problematic and to this day there are still KYC related rejections, and the screening process is very disappointing especially if the funds that have been deposited are not returned, it is very annoying.
I just want the exchange to be honest and fair in the application of price charts in futures and spot trading, often they are different, such as the case of the 10th and look at the deep red chart at the bottom price is different;
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Indirectly conveying that the futures/derivatives market chart is different from the spot chart, if I think badly then there may be forced liquidation of some positions on the traders.
And I always heard that large exchanges sell their trading data all the time to market makers, and make price manipulation so that traders' positions can be liquidated, and one of the proofs is in the picture above, because whatever the difference number on the price movement chart will liquidate the position.