How would you design a crypto exchange?

Question

Seeing how FTX forced themselves into a liquidity crunch, how would you go about designing a safer, "sound"-er cryptocurrency exchange?What technology would you use? What best practices would you adhere to? What algorithms might would you employ to safeguard your positions?

themerone · Accepted Answer

It's a fools errand.Exchanges have all the downsides of both fiat and crypto currencies.Every exchange is a hack away from collapse.

How would you design a crypto exchange?

Seeing how FTX forced themselves into a liquidity crunch, how would you go about designing a safer, "sound"-er cryptocurrency exchange?
What technology would you use? What best practices would you adhere to? What algorithms might would you employ to safeguard your positions?

It's a fools errand.
Exchanges have all the downsides of both fiat and crypto currencies.
Every exchange is a hack away from collapse.