Ask HN: Why are people trading over FTX or Coinbase? First, apologies if I don't manage to use the right crypto jargon. I am an absolute beginner in crypto and just trying to educate myself. Crypto is making news again after FTX going bust but being a beginner I fail to understand one thing. Why are people still trading over central exchanges? Wasn't it the very same philosophy on which bitcoin and blockchain in general was founded, that we don't trust central authority as they are prone to fraud and going bankrupt? Ain't we supposed to "own" our money and have zero dependence on any central agency? Same way, I noticed that Coinbase is now asking for my personal details in order to "verify" my account. Wasn't crypto all about anonymity? Hope it's not a very naive question. |