CeFi vs Defi. Welcome friends. The event that happened with FTX will stay in our memory for a long time.
28 Dec 2022, 10:57
CeFi vs Defi😬
👋Welcome friends!
🙂The event that happened with FTX will stay in our memory for a long time. It is what made us question the reliability of crypto exchanges. They simply may not have enough liquidity to pay out money to their clients. Recently there was FUD on Binance and they successfully passed this stress test. $10 billion was withdrawn from the exchange and $BUSD did not react in any way. Binance had enough liquidity to suppress this FUD from the outside. When you keep money on exchanges, you don't own it, you just gave it to someone you think is trustworthy.
😏 Decentralized exchanges are different. Here you are responsible for your money. You are responsible for choosing which DEX you want to operate on. It all depends on your choice, experience and knowledge.
🔔 In the end, we want to say that the DeFi segment will be developing rapidly now, as market players have a negative attitude towards CeFi. Unfortunately decentralization in cryptocurrency will never happen. Because it's a business like any other.
🤓And remember that "Not your keys - not your money".
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