Bitkub CEO: Crypto Exchanges Have a Collective Responsibility to Educate Investors

　　According to Topp Jirayut Srupsrisopa, CEO of Thailand-based crypto exchange Bitkub, cryptocurrency exchanges should take up the role of improving financial understanding about digital assets as part of community responsibility.

　　Volatility in the cryptocurrency market has emerged as one of the most significant downside concerns. This is a point that Srupsrisopa brought up because bearish prices in cryptocurrency do not impede uptrends. He mentioned:

　　“You have to differentiate between a short-term shock that is happening in the market and a long-term view.”

　　For example, Bitcoin (BTC) fell below the psychological price of $20K for the first time in 18 months as a result of tightening macroeconomic conditions such as higher interest rates.

　　Nonetheless, according to CoinMarketCap, the top cryptocurrency has renewed pace and reclaimed this level, as it was hanging around $21,100 during intraday trade.

　　According to Srupsrisopa, crypto consumers would be able to make wise judgments with good financial education. The CEO of Bitkub stated:

　　“We have always said not to put all your eggs in one basket and not to borrow money to speculate. We need to get the right financial education, not just in cryptocurrency but in the entire stock market.”

　　As Thailand's largest cryptocurrency exchange, Srupsrisopa acknowledged that Bitkub welcomes the regulations taking the lead because they will make the industry safer. He continued:

　　“Everyone is doing their job. Regulators are trying to reduce risk and make sure things are in place in terms of consumer protection and financial stability. We are trying to build a digital infrastructure for the country.”

　　Meanwhile, Sam Bankman-Fried, CEO of crypto exchange FTX, stated that the Federal Reserve (Fed) was to blame for the cryptocurrency drop.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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