Cory Klippsten asserts no self-custody for Bitcoin-backed loans
@coryklippsten: Klippsten on Bitcoin-backed loans
In a recent tweet, Cory Klippsten, renowned as the CEO of Swan Bitcoin, sheds light on a contentious topic in the world of cryptocurrency lending.
Klippsten emphasizes that there is ''no such thing as self-custody for a Bitcoin asset-backed loan,'' arguing that companies claiming otherwise are delivering misleading information. He suggests that potential investors should be wary of the notion of 'free lunch' in financial dealings involving Bitcoin-backed loans.
The conversation draws attention to the growing need for clarity and transparency within crypto asset-backed financial products. As the cryptocurrency sector continues to expand, discussions around the integrity and reliability of crypto-backed loans and similar offerings become increasingly critical.
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In the previous news, tweet author Cory Klippsten discussed investment dynamics in the crypto sector.
