SEC promotes self-custody and DeFi staking

Staking on centralized exchanges and staking in decentralized finance (DeFi) are two distinct strategies of taking part in blockchain networks and incomes rewards. Whereas each contain holding onto and “staking” property, the best way they function and the advantages they provide are totally different.

Centralized exchanges supply staking as a means for customers to earn rewards by holding onto particular cryptocurrencies throughout the change. The change acts as a centralized middleman, which means customers need to belief the change to carry and safe their property, in addition to to distribute rewards precisely.

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