03-09-2020, 06:23 PM
Will Crypto.com, NEXO, BlockFi & Celsius survive the recession?
<!-- SC_OFF --><div class="md"><p>So I just got into crypto not too long ago. Steep but very interesting learning curve. Was considering the high interest earn rates for storing stablecoins in the abovenamed exchanges, much higher than conventional banks. I understand about “not your keys, not your crypto”, but was almost ready to move a significant chunk of my fiat savings to enjoy this. But just today, I read a comment that this whole crypto industry only started post the 2007-8 crash, i.e. never lived through a global recession before. So, will any of these survive the coming (current?) recession?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>So I just got into crypto not too long ago. Steep but very interesting learning curve. Was considering the high interest earn rates for storing stablecoins in the abovenamed exchanges, much higher than conventional banks. I understand about “not your keys, not your crypto”, but was almost ready to move a significant chunk of my fiat savings to enjoy this. But just today, I read a comment that this whole crypto industry only started post the 2007-8 crash, i.e. never lived through a global recession before. So, will any of these survive the coming (current?) recession?</p> </div><!-- SC_ON --> Kind Regards R