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Custodying on exchanges is risky 0% lending - XBTO CEO Philippe Bekhazi at CfC St. Moritz

January 17, 2023

The CfC St Moritz cryptocurrency conference brought together influential players in the crypto industry, including XBTO Group's Philippe Bekhazi. The event highlighted the growing convergence of decentralized finance (DeFi) and traditional finance (TradFi). Concerns were raised about the transparency and liability of centralized exchanges (CEX), while DeFi protocols were praised for their visibility and decision-making processes. The conference emphasized the importance of bridging the gap between DeFi and TradFi, with real-world assets (RWAs) being tokenized and institutional investors showing interest. Despite past challenges in the crypto industry, investors remain confident in the long-term potential of blockchain technology and are actively exploring opportunities to leverage it within the traditional finance sector.

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