Gary Wang Avoids Jail Over FTX Wrongdoing
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Cryptocurrency exchanges are platforms where users can buy and sell cryptocurrencies. Some exchanges allow users to buy cryptocurrency with debit and credit cards as well as withdraw to bank accounts, but the vast majority only facilitate crypto to crypto transfers. Crypto projects apply to have their coin added to exchanges, often paying a fee to do so, but addition to a popular exchange can increase a token’s exposure and value. There are now hundreds of exchanges catering for thousands of tokens, with Binance, Coinbase, and Kraken being examples of some of the most popular.