Imagine logging into your cryptocurrency exchange platform one morning only to find the website down, your funds gone, and no one to answer your questions. This nightmare has been a harsh reality for thousands of traders, with nearly 500 cryptocurrency exchanges having already failed. A new study from the University of Vaasa, Finland, sheds light on the risk factors in cryptocurrency exchanges and how to predict them. In his study, published in the valued Journal of International Financial Markets, Institutions & Money, Assistant Professor Niranjan Sapkota analyses data from 845 cryptocurrency exchanges. He identifies identifies several key indicators including transparency, centralisation, territorial access, fee structures, coin listings, referral schemes, etc., offering valuable insights into mitigating risks in this evolving market.