Why STEX Exchange aimed at the emerging cryptocurrency field of DeFi
In the world of fast-advancing financial technologies, one should not be blind to emerging opportunities offered by what is now taking the hottest media spots – the DeFi. Since more advancements are introduced, it’s the right time to realize that crypto market powerplay is not only about most known digital assets. Welcome to the era of financial opportunities!
The third option
From the community’s perspective, it was mostly about the binary choice: entering the cryptocurrencies with the king chip that is Bitcoin – or relying on countless altcoins. Most alternative coins experienced a high downfall right after the successful token sales, so the choice was broad but challenging.
Decentralized Finance establishes a new kind of relationship between the market players as it helps to reshape how deposits, credits, insurance are made. Last summer, when the DeFi sector finally reached the $1 billion milestone, the show began. The yield farming craze was fueled not by the developers but the consumers that have recognized a new option to get some fast and easy money finally – enough for them to buy that yellow Lambo or luxury yacht for the South-Asia getaway living.
The industry grew by leaps and bounds, and new protocols started to emerge with incredible speed. DeFi’s market cap gained almost $80 billion by this point, and there seems to be no stop in this explosive growth. Meanwhile, the TVL (Total Value Locked) also skyrocketed since 2021 started and overcame the $40 billion mark!
Choosing the safe entry to the new harbor
No matter what option one chooses to enter the crypto, purchasing the tokens is tricky stuff. Many exchanges operate in grey areas and offer some flexibility. Still, there is no denial that robust security is what makes you sleep at night, not being worried that one morning all the hard-earned coins will go to someone else’s wallet by the push of a button.
Some companies have taken the right approach to ensure the safety of client’s funds. For example, the EU-based centralized exchange STEX provides reliable and broad services to cryptocurrency market participants while not neglecting the emerging options and expanding into a thriving DeFi area. With more than 400 trading pairs in play and easy purchase of cryptocurrencies available by credit or bank cards, STEX is the right place to start in this volatile and fast-changing market.
The latest ongoing collaborations contribute to that goal – being a solid player in its segment, STEX chooses partners carefully. Jointer.io is the commercial real estate backed DeFi project, built on the promising junction of DeFi and PropTech DAO models. It unravels exciting investment options – the ongoing Auction offers lucrative daily dynamic offerings easy to access for STEX users as they can participate directly from their wallets! Join Twitter, Medium, and follow other socials to stay tuned on what’s coming.
Regarding the latest news from DeFi fields, STEX founder Vadim Kurylovych commented:
We at STEX are thrilled with emerging technologies such as DeFi that help to establish a bridge to financial independence within a global world. By collaborating with Jointer, our team explores a new path to provide more lucrative investment options in cryptocurrency markets.
Even considering today’s fire trials, insufficient security of protocols, numerous scams in the area, and other pitfalls, DeFi is undoubtedly laying the foundation for the future of the new global economy. This field will continue to follow the path of evolution and provide new enterprise-grade solutions that will become a much-needed cornerstone for and take this industry on a new level, opening the door to mainstream adoption.
Disclaimer: This article is a sponsored post and must not be considered as news/advice.
OhNoCrypto
via https://www.ohnocrypto.com
Akashnath Sumukar, @KhareemSudlow