SINGAPORE, October 7, 2022 /PRNewswire/ — The CeFi cryptocurrency industry experienced unprecedented turmoil during the summer of 2022, bringing down some of the largest platforms, such as Celsius and Voyager, which had billions of dollars in assets under management. However, this kind of pervasive adversity in an industry can create opportunities for companies that have successfully survived the crisis. GROW, a CeFi platform for lending and lending, is one company that has been able to sail through the summer unscathed and has rapidly grown its user base. Additionally, GROW has always provided users with some of the highest reward rates in CeFi for Bitcoin.
“Our asset management mindset is to prioritize risk management first, so we are very selective even with the portion of assets we lend to institutions. We wanted to see highly experienced management teams with strict risk management practices, and On top of that, most strategies should be arbitrage or market-neutral, like ours,” he said. be kim, the CEO and founder of GROW. This risk-averse penchant led this company to avoid some of the explosions in the crypto scene that were caused by directional bets or some of the riskier strategies within DeFi.
grows thrown in January 2021 with a mission to simplify cryptocurrencies because simplicity is a prerequisite for mass adoption, which is what the firm envisions: a society in which crypto assets are ubiquitous and efficiently incorporated into our financial system. “Too many people right now are scared or skeptical of cryptocurrencies and other crypto assets, but at the same time, many understand that there is real value in crypto assets, which is why we see people wanting to HODL Bitcoin and other currencies. We just want to provide a place for everyone to safely maintain and grow their assets through our products,” he said. be kim. Therefore, GROW underwent a name change from ICONFi to GROW, to better align with the more inclusive goal of simplifying cryptocurrency, helping people increase their cryptocurrency wealth, and building a bigger and stronger community.
Newer entrants like GROW have been able to gain users quickly by filling the void of tens of billions of dollars in demand for CeFi products after mega-platform crashes.
“With CeFi, the best way to make users feel comfortable is history and actions. We are proud to say that we have never refused a withdrawal or missed an interest payment, even during and after all the bankruptcies and fallout from this summer’s CeFi Apocalypse,” said be kim.
The firm is headquartered in Singapore and complies with the current Payment Services Act 2019, and has undergone legal and technical preparations to introduce the Payment Services (Amendment) Act 2021 following its implementation by the Monetary Authority of Singapore.
SingaporeBased on GROW, it offers top-tier reward rates so clients can safely grow their wealth on a leading global platform for lending and borrowing crypto assets. You can find additional company information and details about the GROW app by visiting www.grow3.io.
SOURCE GROWTH; www.grow3.io