GROW Positions Itself As One Of The Leading CeFi Platforms For Bitcoin

SINGAPORE, October 7, 2022 /PRNewswire/ — The CeFi crypto industry experienced unprecedented turmoil in the summer of 2022, which destroyed some of the biggest platforms, such as Celsius and Voyager, which had billions of dollars in assets under management. However, this kind of widespread adversity within an industry can create opportunities for companies that have successfully survived the crisis. GROW, a CeFi platform for lending and borrowing, is one company that was able to weather the summer unscathed and quickly expanded its user base. Additionally, GROW has consistently offered users some of CeFi’s highest reward rates for Bitcoin.

“Our asset management mindset prioritizes risk management first, so we are very selective even with the portion of assets we lend to institutions. We wanted to see very experienced management teams and strict risk management practices, and in addition the majority of the strategies must be arbitrage or market neutral, like ours,” said Sean Kim, CEO and Founder of GROW. This inclination towards risk aversion has led this company to avoid some of the explosions in the crypto scene that have been caused by directional betting or some of the riskier strategies within DeFi.

GROW launched in January 2021 with a mission to simplify crypto, because simplicity is a prerequisite for mass adoption, which the company envisions – a society in which crypto assets are ubiquitous and effectively integrated into our financial system. “Right now, too many people are afraid or skeptical of cryptocurrencies and other crypto assets, but at the same time, many understand that there is real value in crypto assets. is why we see people wanting to HODL Bitcoin and other coins. We just want to give everyone a place to hold and grow their assets securely through our products,” said Sean Kim. Consequently, GROW underwent a name change from ICONFi to GROW, to better align with the more inclusive goal of simplifying crypto, helping individuals grow their crypto wealth, and building a larger community. and stronger.

– Advertising –

New entrants such as GROW were able to gain users quickly by filling the void of tens of billions of dollars in demand for CeFi products after mega-platform bankruptcies.

“With CeFi, the best way to put users at ease is with backgrounds and stocks. We’re proud to say that we’ve never rejected a withdrawal or failed to pay interest, even during and after all the bankruptcies and fallout from the CeFi apocalypse this summer. ,” said Sean Kim.

The company is based in Singapore and is compliant with the current Payment Services Act 2019, and it has undergone legal and technical preparations to file under the Payment Services (Amendment) Act 2021 upon implementation by the monetary authority of Singapore.

About GROW

SingaporeGROW offers premium reward rates so clients can securely grow their wealth on a leading global platform for lending and borrowing crypto assets. Additional company information and GROW app details can be found by visiting www.grow3.io.

SOURCE OF GROWTH; www.grow3.io

rt

We would like to say thanks to the writer of this post for this awesome content

GROW Positions Itself As One Of The Leading CeFi Platforms For Bitcoin


We have our social media profiles here as well as additional related pages here.https://metfabtech.com/related-pages/