New Delhi, Nov. 26 -- Nithin Kamath, co-founder and CEO of stock broking platform Zerodha, flagged the risks associated with crypto derivative exchanges as they operate in a regulatory grey area.

Kamath, in a post on X today, November 26, said, "Crypto derivative exchanges exist in regulatory limbo. A bit like Schrodinger's cat-neither fully regulated nor unregulated." This ambiguity, according to the 46-year-old billionaire, is being exploited in dangerous ways and therefore needs to be fixed.

Nithin Kamath highlighted three ways in which these "unregulated" exchanges can exploit investors, thus costing them their hard-earned money.

Unlike in the stock market, where in case a broker cheats you, shuts down or withholds your money, you ...