CEFI is one of the fastest growing areas of crypto as the large numbers of new crypto holders realise that there are familiar banking services on offer, with very attractive rates compared to their traditional savings accounts.
Despite this growth the sector is relatively new, and because CEFI services are custodial – you aren’t in control of your private keys – their suitability will depend on your risk appetite. If you are comfortable with risk and want to explore the opportunities for even great returns then the next article explaining how to get started with DEFI will explain how.
The risks are highlighted by the view taken by regulators in the US that CEFI crypto providers are actually selling securities. The potential impact on customers isn’t known, but these risks should be considered.
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