Growing interest in cryptocurrencies has prompted financial regulatory bodies to raise concerns about the potential risks associated with these digital assets. As investors increasingly explore the world of digital currencies, cautionary measures are emerging from regulators. This reflects a complex landscape where digital currencies continue to captivate public imagination while posing considerable challenges. Platforms facilitating trading and investing in these digital assets add further complexity to this issue. The volatility inherent in cryptocurrencies is a major concern. The high price fluctuations often leave investors unfamiliar with the implications of their trades vulnerable to significant financial losses. This unpredictable market behavior could discourage participation from more cautious investors, posing additional risks for inexperienced participants.