Comparing with tradition financal marketplace , Decentrilized financal & Crypto financal are actually more conservative .
Surprised you ? In fact , Most DeFi protocol are based on untrusted over-collateralized lending and pathetic mortgage rates . When liqudity keep healthy , most DeFi productions are having no much risk.
As for centralized financal services such as options and crypto lending products , are not strong enough and lack structure and composability currently.
Right , you can just open a 100x future in any exchange (even decentralized derivatives protocol, Like DYDX/GMX/GNS). But due to the lack of composability, it is basically useless and makes no difference to suicide in Las Vegas with Franklin inside ass .
However, more and more crypto structured products shows up . OKEX support seagull/snowball/sharkfin and other products about structured financal :
https://blog.bingx.com/insights/bingx-insights/all-you-need-to-know-about-defi-structured-products/
Recently , Binance also launched few newly products like : copytrading & trading-bot , which means binance are tring to build and focus on it's crypto structured products .
The approval of BTC-ETF.And the attention of ETH-ETF & XRP-ETF. More and more traditional finance moving into cryptocurrency. It means cryptocurrencies are more and more likely to be packaged into and be some part of traditional financial structured products. Also means that more and more crypto financial products will comes up.
Personally, I do think with the Binance’s mini-program, many structured financial products will appear on Binance in the short future.
Compared with simply buying and selling , or future , structured financial products will be the major products accepted by newly user .
With the incressing of BinancePay , perhaps in the near future will become a borderless encryption platform that integrated payment, staking , and structured financial.
Let's wait and see to binance structured financial products lol :) @Binance
#BTC-ETF #snowball #FinancialInstitutions #DeFiChallenge #BTC!💰