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Trust remains a key driver in daily decision making – between relations, personnel, and even institutions. Research shows that people will choose a product or service that they trust over non-trustworthy options. When it comes to money and investments, trust is even more critical.

Individuals need to be confident that their financial transactions are processed with utmost security and transparency to continue to invest with their respective financial institutions. This is why these institutions remain committed to building secure frameworks to safeguard clients’ funds to grow their customer bases and maintain a positive and trustworthy reputation.

With cryptocurrencies, the importance of trust is not any different. After years of a gradual shift from the dominance of traditional payments, these forms of digital currencies have emerged as a new channel for wealth accumulation, trading, and financial freedom among users from all over the world.

The increase in adoption is attributable to the fact that it is a decentralized system that serves as a viable alternative investment, especially in times of economic instability.

Also, cryptocurrencies on their own provide trust through technology, as the security of each financial transaction is dependent on the underlying technology. Essentially, the blockchain technology that makes cryptocurrencies immutable contributes to users’ trust in these investment forms – and so all of these factors have largely contributed to the steady global adoption of these currencies.

However, to maintain this sustainable growth in the crypto ecosystem so that users can continue to build wealth and enjoy the freedom of money, cryptocurrency exchanges must also relentlessly ensure that they safeguard their platforms using the latest technological systems to help individual users protect their accounts. As established, cryptocurrencies on their own are cryptically secure; but without a safe platform to trade them on, users may still be at risk of cyber theft.