If you want to mitigate risk, do not restake on a U.S. CEX.
Regulatory pressures have a high probability to force staking services to shutdown. States (and the sec) can sue these exchanges and cause a Kraken incident.
Unstaking can take weeks to months. If a surprise lawsuit forces an exchange to pull the plug, your ETH is gone. It is not FDIC insured. Exchanges are also not required to backup your funds.
To lower your risk, unstake and restake on a decentralized service
https://blockworks.co/news/kraken-settles-sec-crypto-staking-program
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments