Should crypto exchanges be able to trade cryptocurrencies?

Should the ability to trade cryptocurrencies on exchanges be granted or restricted? It's a topic that has sparked heated debates among policymakers, investors, and enthusiasts alike. On one hand, proponents argue that crypto exchanges offer crucial access to digital assets and promote financial inclusion. They also facilitate liquidity and price discovery, allowing investors to buy and sell assets quickly and efficiently. However, opponents raise concerns about the lack of regulation, potential for fraud and manipulation, and the risks associated with the highly volatile nature of cryptocurrencies. What are your thoughts on this contentious issue?