What are the advantages and disadvantages of using street name securities in the cryptocurrency market?

1 answers

• João Pedro Gomes de SouzaJun 17, 2024 · a year ago
  Street name securities have gained popularity in the cryptocurrency market due to their convenience and ease of use. They allow investors to hold and trade cryptocurrencies without the hassle of physical certificates. This can save time and effort, especially for those who frequently engage in trading activities. However, it's important to note that street name securities come with their own set of risks. Investors need to trust the custodian or broker with their assets, which introduces a potential single point of failure. Additionally, the lack of physical possession may make it more challenging to recover assets in case of a security breach or loss. Therefore, it's crucial for investors to carefully consider the advantages and disadvantages before deciding to use street name securities in the cryptocurrency market.
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