Regulatory risks and aversion to centralized crypto platforms after last year’s bankruptcies are likely among the reasons that drive investors to decentralized staking protocols, Tom Wan, an analyst at digital asset investment firm 21Shares, said in a note.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: https://www.coindesk.com/markets/2023/05/03/binance-coinbase-endure-700m-in-staked-ether-outflows-as-decentralized-liquid-staking-protocols-gain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- 21Shares
- a
- After
- among
- an
- analyst
- and
- ARE
- AS
- asset
- At
- aversion
- bankruptcies
- binance
- centralized
- coinbase
- Coindesk
- crypto
- decentralized
- digital
- Digital Asset
- drive
- Ether
- Firm
- Gain
- HTTPS
- images
- in
- investment
- Investors
- jpg
- Last
- likely
- Liquid
- liquid staking
- note
- outflows
- Platforms
- plato
- Plato Data Intelligence
- PlatoData
- protocols
- reasons
- risks
- Said
- Staked
- Staking
- that
- The
- to
- zephyrnet
More from CoinDesk
La inflación de los Estados Unidos de agosto es más alta de lo previsto y bitcoin cae 4%
Source Node: 1663043
Time Stamp: Sep 13, 2022
Coinbase’s Base Blockchain Hits Record High for Daily Transactions, Eclipsing Rivals
Source Node: 2276402
Time Stamp: Sep 15, 2023
Bank of England Targets 30-Strong Team for Digital Currency: Report
Source Node: 2053024
Time Stamp: Apr 9, 2023
Cosmos Asset Management Intends to Delist Crypto ETFs in Australia
Source Node: 1733680
Time Stamp: Nov 2, 2022
Bitcoin ETF Provider Valkyrie Adds BitGo as Second Custodian in Risk Mitigation Move
Source Node: 2468285
Time Stamp: Feb 2, 2024
Bitcoin Dips Below $29.2K After Curve Exploit but Continues Its Range-Bound Ways; ETH, SOL, MATIC Sink
Source Node: 2190892
Time Stamp: Jul 30, 2023
Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank
Source Node: 2078954
Time Stamp: May 1, 2023
To Use or Hold? Solving the Classic Crypto Conundrum With a Dual Token Model
Source Node: 1587791
Time Stamp: Jul 22, 2022
Ethereum’s Merge Was a Public Policy Miracle, so When Is the Congressional Hearing?
Source Node: 1709885
Time Stamp: Sep 29, 2022
Bitcoin Could Fall Back to Mid-$20K Area: Chris Burniske
Source Node: 2458983
Time Stamp: Jan 26, 2024
Far From the SBF Trial, a Very Different Web3 Narrative Is Unfolding
Source Node: 2313427
Time Stamp: Oct 6, 2023
Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates
Source Node: 1673993
Time Stamp: Sep 21, 2022