Today's Hottest Platforms Are Just Casinos In Disguise

Written by EarnBet | Published 2020/07/14
Tech Story Tags: cryptocurrency | ethereum | investing | crypto-exchange | gambling | binance | good-company | hackernoon-top-story

TLDR In many ways, today's hottest platforms are just casinos disguised as financial tools. Binance, Bitmex, Robinhood, and Compound offer 100x margin, options trading, and yield farming. The average user understands the risks when they play a hand of Blackjack, but the average user may not understand the risks in trading on Binance or Instadapp using DAI as collateral. Some platforms with products outside of the cryptocurrency space have realized they can turn their stale retail investing apps into casinos.via the TL;DR App

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Published by HackerNoon on 2020/07/14