Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX.
“Self custody is a fundamental human right.
Recommend start with small amounts to learn the tech/tools first.
Backstage interview with the charming Michael @saylor :zap: :white_check_mark: check @Cointelegraph to read his advice on how to handle the bear market @pacificbitcoin pic.twitter.com/yWZmEsgQar — Joe Nakamoto (@JoeNakamoto) November 11, 2022 Saylor also made the argument that self-custody plays an important role in maintaining the integrity and security of blockchains because it increases decentralization: “If you can’t self-custody your coin, there’s no way to establish a decentralized network.”
Since the sudden collapse of FTX in early November, the number of Bitcoin (BTC) withdrawals on centralized exchanges reached a 17-month high, according to on-chain analytics firm Glassnode: While at the same time, net inflows into self-custody wallets have soared.
The token allows token holders to participate in deciding how the wallet operates and what technical updates are to be made.
Source: Cointelegraph
#FTX