Society is far from fully adopting crypto and we are still pioneering the whole space as we know it. Each bear and bull cycle there’s a new wave who gets involved, experiences their first complete cycle and stays in the space.
CEX’s are continuing to jostle in the rapidly evolving space and crypto.com and Coinbase both had incredible rewards in the past year. In the bear both steadily reduced their rewards. I used both and tried to take advantage of each reward. But as Celsius declares bankruptcy, CDC continues to slash everything, Coinbase reintroduced their 4% XLM card returns.
It’s not a big deal but when stepping back and looking at the space they’re one of the few exchanges that is keeping the bulk of benefits. It’s bullish in this market for them to do this and could bode well for them in the long run. And probably reflects their health and more conservative risk management that allowed them to hold their ground well.
They could slash them again next rewards period and I could be totally wrong but as someone constantly trying to reap the rewards of cards Coinbase has kept the bulk of their benefits that will reap rewards come next run.
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