"Now wallets have the exchange function, and trading platforms have launched their own wallets. The longer they are, the more similar they are. As a newbie, I don't know where to start." This is the trouble of users involved in the currency circle at the beginning of this year.
"The previous years have suffered miserable losses. Now the mainstream currency market is improving. If you want to make some stable income, you always have to transfer encrypted assets between the wallet and the trading platform." Senior investors said: "DeFi wants Playing in the wallet, but exchanging crypto assets can only go to deep and good trading platforms, and even some small platforms' crypto asset financial management targets have very attractive returns."
It is not difficult to find that, whether DeFi or CeFi, the market is changing rapidly, but the core needs are slowly converging to the beginning of encrypted finance. Regardless of whether you are a novice or an old driver, everyone has become a newcomer before the many opportunities in the current market. The needs of "newcomers" are blunt , nothing more than safety, compliance, ease of use, good depth and the highest possible profit . Looking back, the early "entry" of the industry such as wallets and trading platforms suddenly cannot meet these needs at the same time. Users can only waste time and handling fees on the transfer, and silently bear various risks that may be caused by operational errors and other accidents...
01The
transformation of wallet and trading platform is imminent
Indeed, the recent skyrocketing of mainstream assets such as Bitcoin and Ethereum has allowed us to see that behind the price is the continuous mainstreaming of the allocation of encrypted assets, and more and more people have poured into the encrypted market. The investment mentality of "small and big" has slowly faded on a large scale, and the word "allocation" has been repeatedly mentioned. However, the current "entry" of the crypto world-wallets or trading platforms and other infrastructures still have some early legacy issues, which cannot fully meet the more diverse needs of users brought by the evolution of the encrypted financial scene and rich derivatives-encryption Assets not only need to be stored safely, but also need to flow, use and increase in value.
As a result, the transformation of wallets and trading platforms has begun. We have seen wallets begin to add various exchange functions; trading platforms have also begun to operate their own wallets. According to this trend, there may be no wallets and trading platforms in the absolute sense in the future, but may become a platform integrating key financial functions such as encrypted asset storage, trading, value-added, hedging, etc., in the vernacular it is called an " crypto financial service platform ".
Although both wallets and trading platforms have a trend of transformation, they still seem to be a little slower. The current wallet threshold is still relatively high, and users have to bear the risk of keeping their private keys; and many trading platforms are not safe and compliant. Accidents continue. Therefore, many institutions and individuals who want to allocate encrypted assets would rather pay high handling fees and management fees to choose the services provided by Grayscale and PayPal, rather than directly participate.
02The
situation is improving, where is the best place to put encrypted assets?
Since the beginning of this year, not only has the prosperity of encrypted financial applications such as DeFi accelerated, but Bitcoin has also been increasingly favored by institutions at home and abroad. More and more professional institutions have agreed that the allocation of encrypted assets is a major trend. So, where should future users store encrypted assets?
The most important thing for novice investors should be the low threshold, no professional knowledge, simple and convenient operation to safely store and add value to encrypted assets.
And those senior investors who have suffered through the ravages of the industry may pay more attention to safety and compliance. They have seen too many incidents where user assets have been returned to zero due to thunderstorms such as the running of wallets and trading platforms, theft. Of course, under the premise of safety and compliance, savvy high-net-worth individuals will certainly pursue more convenient circulation and higher yields of encrypted assets.
Therefore, in summary, for most users, an encrypted financial service platform that is safe, compliant, low threshold, liquid, and can be flexibly value-added is an ideal choice.
03Entrance to the
next stop, a globalized encrypted financial intelligent service platform
Of course, things that look simpler must have extremely rich colors behind them. Take this encrypted financial service platform called Amber Group as an example.
From the functional experience point of view, Amber App, a mobile application under the Amber Group, aggregates the core advantages of wallet and trading platform. Founded in 2017, Amber Group may not have been heard by many ordinary investors, but many professional organizations have favored it, and even attracted investment from the world's top institutions. In 2019, Amber completed 28 million US dollars in financing, mainly participated by top institutions Paradigm and Pantera, Polychain, Dragonfly, Fenbushi, Coinbase and others.
The vernacular understands that the security of Amber App is due to the cooperation with Fireblocks, an encrypted asset security custodian of American Fidelity Investments and BitGo, a digital asset custodial solution provider of the head trading platform, to ensure account security. In terms of compliance , Amber has obtained MSB licenses in the United States and Canada. Trading on more than 60 electronic trading platforms across 15 countries, with a total transaction volume of 220 billion U.S. dollars , the depth of the transaction is natural.
In terms of asset utilization improvement, Amber is indeed ahead of wallets and trading platforms that are seeking to transform. It mainly provides products and services such as asset allocation, fixed income, and risk hedging. Amber App is quite innovative, allowing users to be flexible Allocation of encrypted assets, such as free customization of financial management periods, wealth management assets that can be used as trading margins, and the recently launched "early redemption of wealth management assets" and other innovative functions can maximize the utilization of user assets, so that encrypted assets do not need to be "in vain" "Lie down", which is something most platforms cannot do.
The threshold is indeed relatively low , downloading the App, and then registering and logging in like a traditional mobile App is very simple to operate smoothly, and it is easy to configure assets through the platform without professional knowledge.
04
Postscript
The CEO of Amber Group said at a recent event that: As one of the earlier crypto financial service providers serving institutional clients and high-net-worth clients, Amber Group believes that this type of client is the smartest and most critical. Their investment orientation is key market-leading, forward-looking, and even communicative. Customers in this category increasingly recognize crypto assets and gradually become a trend. This will further lead the entire industry to a new stage.
So what will the ideal "Encrypted World Entrance" look like in the future? Welcome to write down your opinion in the message area.
Previous post: Seeing that Bitcoin is about to break through the previous high of the last big bull market! But how many are left in your hands?
▎Recommended reading
If you want to safely keep your assets, you must first know the knowledge of the wallet
Essential security skills to walk the rivers and lakes: how to use Google Authenticator?
The safe operation of the wallet is not standardized, and the bankruptcy can only take 5 minutes: the advice of experienced practitioners must be listened
——End——
"Disclaimer: This article is the author's independent point of view, and does not represent the vernacular blockchain position. This content is only for the popular science learning and exchanges of encryption enthusiasts, and does not constitute investment opinions or suggestions. Please treat it rationally, establish a correct concept, and increase risk awareness. The copyright of the article and the final interpretation right belong to the vernacular blockchain. 』
Dear, it is said that 99.9% of interesting people have ordered "Watching"????