News From Press Why crypto fixed deposits are riskier despite the returns

Why crypto fixed deposits are riskier despite the returns

Source: Mint Jun 7, 2022

The crypto industry has been coming out with products that mimic offerings in the traditional asset categories. Thus far, crypto exchanges offer systematic investment plans (SIPs) and crypto token baskets just like mutual funds. Then, there is the ‘crypto deposit’, touted to be similar to a bank fixed deposit. Since these products are not regulated, their features and interest differ vastly from exchange to exchange.

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