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Friday, 10 July 2020
Trade on CoinEx, Seize the Opportunity of DeFi!
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According to the World Bank, 1.7 million people in the world have no bank accounts; however, among them, two thirds are smartphone users with huge demands for financial services. Blockchain’s potential in the financial sectorBecause of the features of decentralization, traceability and non-tampering, blockchain technology has a huge potential in the financial sector and can be applied in may areas, including central bank digital currency, clearing and settlement, trade finance, supply chain finance, digital bills and credit investigation. In these application scenarios, the use of blockchain can bridge the trust and information gap between parties at a low cost, making the transaction more secure and reliable, and effectively improving the operating efficiency of financial institutions. DeFi will reshape the finance industryDeFi is considered to be a powerful innovation that can reshape the traditional financial system. DeFi (or Decentralized Finance) is a financial innovation derived from the combination of blockchain technology and traditional financial applications. The blockchain technology improves the operating efficiency of the financial system and creates a highly transparent, efficient and secure financial system. The various characteristics of DeFi applications are more suitable to undertake the mission of building a borderless financial infrastructure for the world. In fact, DeFi has attracted the attention of the crypto community since 2019. With the further exploration of financial applications, the DeFi sector has derived stablecoins, loans, DEX, insurance, payment, asset management, identity information authentication and other financial application scenarios. MakerDAO’s popularity in 2019 stirred up the first wave of DeFi in the crypto community. In 2020, Compound set off the second wave of the DeFi movement. At present, DeFiMarketCap data shows that the total market value of the top 100 DeFi tokens has exceeded US$7.51 billion. The ROI of the Maker DAO lending project in this field is as high as 1967.77%; the Kyber Network investment return rate is also 219.22%; not to mention the price of Comp has risen more than 20 times since its launch. Seize the DeFi opportunityUnder the influence of the DeFi boom, prices of well-known DeFi projects and related tokens have raised a lot. To grasp this opportunity in the bear market, major exchanges are scrambling to launch DeFi projects and lay out businesses in related fields; investors are eyeing the changes in the market of each DeFi project, fearing that they may miss any chance; many old projects are also struggling to get closer to the DeFi concept. At this time, as an ordinary investor, the choice of investment platform is particularly important. As a new first-tier trading platform that maintains high sensitivity, CoinEx has deployed in the DeFi field as early as 2018 and launched CoinEx Chain, which is the world’s first public chain built for the decentralized exchange (DEX), and CoinEx DEX platform in November 2019. CoinEx Chain will launch the Smart Chain later this year, and it will support more complex financial applications, as well as encourage developers to create a richer financial application ecosystem. Besides, CoinEx began to list quality DeFi projects since last year. So far, 16 DeFi related projects including MKR, SNX, COMP, LEND, BNT, JRT, REN, LRC, AST, GNO, MLN, KNC, REP, DAI, LINK, and ZRX, have been listed on CoinEx, providing investors more investment options. What’s more, assets security has always been the first priority of CoinEx since its establishment. It pays attentions to system security, operation and maintenance security and wallet security to ensure the safety of user s’ assets. The risk control system has been continuously improved while providing users a convenient and fast experience. In addition, CoinEx applies a multi-wallet solution, and has been using Matrixport’s Cactus Custody service since 2019 to ensure the digital asset security. CoinEx has 100% reserve guarantee. Last but not least, CoinEx will launch a variety of trading activities and preferential policies of DeFi projects. Stay tuned! In order to help investors chase the new outlet of DeFi and improve investment income, Station C will launch DeFi project currency trading activities and preferential policies. Click here to register on CoinEx! Website: https://www.coinex.com/ Twitter: https://twitter.com/coinexcom Telegram: https://t.me/CoinExOfficialENG [link] [comments] |
source https://www.reddit.com/r/btc/comments/hoh4lv/trade_on_coinex_seize_the_opportunity_of_defi/
Crypto friendly banks to open account
I hear news on how some banks are opening themselves to cryptocurrency but most banks seem to be still hostile to the idea of customers trading cryptocurrency. I have heard people mentioning couple of banks like Silvergate, Revolut and Goldman Sachs but just want to know based on your personal opinion, what bank is really crypto friendly without much issues for deposit, withdrawal, linking bank accounts, remittance frequency and limits etc., I am looking for personal banking not the banks which provide crypto service for institutional investors or corporate companies. I also guess you need to be a local resident of a country in order to open the bank account or is it possible to open the account online? What are the pros and cons?
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