XT Exchange Promotes Tools for Using Idle Crypto Assets
(3 hours ago) · 1 source · Summarized by CryptoBipto
XT Exchange has published promotional content describing features that allow users to put idle cryptocurrency assets to work while maintaining access to them. The content highlights the exchange's products aimed at generating returns on dormant holdings.
WHY IT MATTERS
When you hold cryptocurrency on an exchange, it often just sits there, similar to cash under a mattress. Some exchanges offer tools that claim to let you earn a return on those idle assets, much like a savings account at a bank pays interest on deposited money. However, unlike traditional bank deposits, crypto yield products are generally not insured by government programs, and the ways returns are generated can vary widely in risk. 'Counterparty risk' means the risk that the company holding your assets could fail or be unable to return them. Before using any such product, it is important to understand how the returns are generated and what risks are involved.
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