ShintoSanctuary
Wed Jul 17 2024
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6 answers
1309
Do crypto exchanges have FDIC insurance?
With the growing popularity of cryptocurrencies, one crucial question that often arises among investors is whether crypto exchanges possess FDIC insurance. FDIC, or the Federal Deposit Insurance Corporation, is a U.S. government agency that provides insurance for deposits in banks and savings institutions, ensuring that funds remain SAFE and accessible in the event of a failure. However, crypto exchanges operate in a different realm, dealing with digital assets rather than traditional financial instruments. Given this, do crypto exchanges offer the same level of protection through FDIC insurance? Understanding this distinction is crucial for investors considering the safety of their crypto holdings.
