Exchanges offering Interest on Deposits
Direct competition for banks
So a couple of thoughts on the crypto exchanges offering interest on their holdings kept on the exchange:
- They are desperate for coins in their pool
- They are now in competition with bank accounts as people will always seek greater yield
- They want a cushion to protect themselves from failure to deliver
This will bode well for crypto holders (
Not so much the banks)
Maintain control... do not play their game
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Good Health – Evan Pantazi
Posted on eSteem
#Kyusho
Image Credits: sheros
well hopefully it will be good for investors loads of people will be eyeing on