Custody Variations in Staked and Wrapped BTC Tokens
10/4/2024 12:49:44 PM
According to IntoTheBlock, while layered contracts and bridge exposure in the crypto space inherently carry risks, there are varying levels of custody in the new staked and wrapped BTC tokens. This differs from traditional institutions where verification of asset management is often not possible. Crypto traders should consider these custody levels when dealing with these tokens. (Source)
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