Centralized crypto platforms are facing 2 serious issues -
- Been accused of cyber crime by, and non- cooperate with investigators.
- Losing the trust of investors after FTX collapse, and they are losing money (Read Here).
So they are in attemp to play both sides.
Binance and ACSS
Binance has joined the Association of Certified Sanctions Specialists (ACSS), where its sanctio tean will undergo training to advance their credentials.
Coinbase In-Story
Coinbase CEO Brian Armstrong has attempted to promote better transparency at his company, claiming that videography is also allowed at Coinbase.
KuCoin & Proof of Reserve
KuCoin is promoting its Proof-of-Reserve to gain support of investors, this will save their business.
Kraken and No-Vaccine Appeasement
Kraken is trying to gain support by supporting one view in a public debate, like comparing with Kraken vaccine, to win over anti-vaccine people.
Huobi and Chinese Market
Huobi under Justin Sun is behaving normally, but with "Pi" Scam, it is losing credibility among mass, so Justin Sun is now only posting in Chinese.
Most of other platforms like Poloniex, Gate.io are providing regular competition to attract bonus hunters, this idea remains with aa exchanges
Thoughts
The different attempts being made by the major exchanges are due to the fact that government bodies also have a lot of excuses to counter the industry. So attempts are being made for their promotion.
