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When was the first crypto exchange | In its October study, Virtual currency schemes , the European Central Bank concluded that the growth of virtual currencies will continue, and, given the currencies' inherent price instability, lack of close regulation, and risk of illegal uses by anonymous users, the Bank warned that periodic examination of developments would be necessary to reassess risks. Today, many crypto exchanges must comply with extensive laws and regulations depending on the jurisdiction they are based in, and a number of top exchanges have led the way in developing processes for digital assets to be traded safely and securely. Archived from the original on 25 January Gox was a disaster for Bitcoin investors, it helped spur early crypto supporters to develop secure CEXs. Cryptocurrencies existed before Bitcoin, but they didn't reach public attention until a few years after it was introduced in |