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
Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions
Source Node: 2186595
Time Stamp: Jul 27, 2023
Crypto Asset Manager Valkyrie Lost the Biggest Investor in Its $11M Funding Round
Source Node: 1726224
Time Stamp: Oct 19, 2022
As Bitcoin Teases 100-Day Average, Prominent Traders Say Latest Crypto Bounce Looks More Constructive Than August
Source Node: 1730225
Time Stamp: Oct 27, 2022
Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack
Source Node: 2314846
Time Stamp: Oct 7, 2023
Foundry Starts New Service to Reduce Supply-Chain Lag for Bitcoin Miners
Source Node: 1598179
Time Stamp: Jul 28, 2022
Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts
Source Node: 2099693
Time Stamp: May 19, 2023
First Mover Asia: Chilly DOGE, While Bitcoin Simmers Over $28.6K
Source Node: 2046931
Time Stamp: Apr 4, 2023
First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin
Source Node: 1986679
Time Stamp: Mar 1, 2023
NFL Rivals Scores 1M Downloads for NFT-Based Mobile Game
Source Node: 2143979
Time Stamp: Jun 22, 2023
Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
Source Node: 1689105
Time Stamp: Sep 23, 2022
Did Strong Bitcoin ETF Demand Kill Halving’s Potential Bullish Rally?
Source Node: 2537882
Time Stamp: Apr 5, 2024