Trading on a regulated exchange is a luxury that early adopters and crypto pioneers didn’t have. The entire concept of regulation in the crypto world is still relatively new and is gaining more and more traction these days. Some hard-core crypto heads might still resent any form of regulation and romanticize the promise of untouched decentralization, but the reality is, as always, far more complicated. The early, Mad Max days of the cryptosphere are gone and the time has come for this market to mature and establish a fair playing field.

Safety has always been one of the major concerns in the crypto world. We have all heard the horror stories of people losing all their crypto portfolios due to inexperience and unsafe environments. This is true for crypto veterans but 10 times more for newcomers, who don’t have the know-how to read all the warning signs and avoid the traps. They are easy prey for scammers and have every reason to be concerned. And what can they do if that happens in an unregulated environment? Who will protect them?

Regulation not only helps reduce these risks by ensuring and enforcing good security practices, but it also offers a trusted system of accountability. Fortunately, the times, as the famous folk song goes, are a-changing, and fair regulation is becoming an industry standard for crypto exchanges. Whether you’re a crypto expert or complete novice, we all want to trade in a safe, reliable and transparent environment. These legislative guarantees are necessary for everyone to know that we’re all in good hands and acting in good faith.

This has been part of our vision from day 1 and we always treated and welcomed regulation as a friend and not a foe. eToroX is regulated in Gibraltar, which requires crypto companies to put users first in a variety of ways. These include setting a high standard for customer service and stipulations for businesses to conduct themselves with honesty and integrity. These factors create an ideal atmosphere, especially for new users who may not know their way around very well yet. By making sure new users are being catered to, regulation provides them with the smoothest possible introduction to the industry.

Of course, we’re not alone and crypto is trending towards regulation but it’s still very much a work in progress. There will always be, at least in the foreseeable future, unregulated platforms that will leave the door open for bad actors to fly under the radar and take advantage of any loopholes available. It is awareness that will help keep us safe and grow a healthier crypto industry that the entire world can benefit from.

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