CeFi Showdown - Celcius Network, Nexo, and DeFi

Although Decentralized Finance (DeFi) is my favorite crypto topic, some crypto investors may appreciate the benefits offered Centralized Financial (CeFi). One of the biggest benefits is that CeFi platforms like Nexo and Celcius typically have higher interest rates than many DeFi applications. Depending on the specific CeFi platform, they can also offer insurance on deposits. On the downside, CeFi lending platforms require KYC/AML verification and many crypto purists see this centralization as antithetical to the original intent of cryptos. In this video, I will cover some of the pros and cons of CeFi as well as sharing my thoguhts on two of the leading CeFi platforms. At the end of the day, though, each investor is responsible for their own choices, and I hope that this video will give you some things to consider.