💵 When you keep your $$ in a home safe…
Crypto owners can store their assets on exchanges like Coinbase or “self-custody” their crypto (aka: stash it in a wallet only they control). One self-custody advantage: no need to worry about an exchange like FTX collapsing and taking your hard-earned crypto with it. One disadvantage: no password resets if you lose access. Binance, the largest exchange by trading volume, just released its first self-custody wallet. While Binance has steadily lost market share this year, the wallet could draw more traders to its ecosystem.
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