seneca
@seneca
why can’t trad banks offer the same rewards on deposits that coinbase/robinhood offer? 0.1% vs 4%+ Is it purely regulations? FDIC? seems so off
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links 🏴
@links
Interest arb is a major revenue source for trad banks. Coinbase makes money off trades, not lending, so it makes sense for them to pass any interest they get to consumers to further position against tradFi
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