Crypto lending business - greed, gloom, and doom
The crypto market has not yet stop growing, counting new cryptocurrencies every day, big swings, whipsaw, scams, and even new features, such as crypto lending, that can permanently change the whole crypto game. There is no doubt that crypto lending is highly desired on the market (very attractive interest rates on deposits), however it comes along with significant number of risks for crypto platforms and for a regular trader/investor. Therefore, Block Fi’s 100$ million fine it not unexpected, just a solid sign that you should beware of playing with fire, you will get burned.
In this alert you will read more about the opinion of both sides, regulators and market players, including the risks of crypto lending.