What are crypto currency exchanges doing to foster crypto adoption?
What are crypto currency exchanges doing to foster crypto adoption?
I can’t count on my fingers, the numerous barriers posing as hindrance to the wider range of crypto adoption in various countries or globally.
-We have a lack of understanding of crypto and blockchain as a major barrier.
-Security concerns: Fear of getting hacked or scammed.
-The volatile nature of cryptocurrencies: Losing funds due to the volatile nature of cryptocurrencies.
-Regulatory concerns.
-Poor user experience but to name a few.
We can argue that the crypto industry is still relatively new, but what roles are exchanges playing or what are they doing to foster its adoption amidst these various challenges?
Many exchanges are investing in educational resources to help new users understand cryptocurrencies and how to use their platforms. This includes providing tutorials, blog posts, and other educational materials that can help demystify the often-complex world of cryptocurrencies. For instance, we have Binance Academy where users can build their knowledge about crypto and blockchain. Bitget also announced recently that it will host its first Crypto Experience Day with partnering universities and blockchain organizations on Aug 12, the International Youth Day in 9 countries as part of its Blockchain4youth project. You can find more information about it here.