Post
Topic
Board Economics
Re: What is the difference between banks and big whales in crypto?
by
smile1218
on 30/05/2023, 06:46:19 UTC
Banks are earning big profit from our deposits, they earn bigger than the interest that we get from our deposit because they put a bigger interest rate through thier borrower's or lenders, i think bank is not too far from big whales in crypto they buy or collect coins in dip and they sell in bull and they earn bigger from the holders that sell at loss  they are almost the same or what? What dou you think?

That is right banks are earning big profit from our deposits compare to the interest that we get from them. Banks and big whales are far different from each other. Banks are traditional financial institutions that is regulated by the government and of course they have strict rules and regulations that they must follow. Banks provide different kinds of products and services including loans, savings account and investment accounts. However big whales in crypto are the individuals that hold a large amount of crypto currency and they are not regulated by the government and they are not connected to the traditional banking system.