top of page

Forum Posts

Viktoria Morris
Nov 28, 2021
In Counselor Education
Distributed ledger technology, also known as blockchain, is changing financial markets in a variety of ways. Although this has been understood by enthusiasts for several years, it has finally been recognized by mainstream financial authorities. “Recently, the rise of distributed ledger technology, which offers a new approach to recording ownership of assets, has allowed for the creation of a range of new financial products and services—including cryptocurrencies,” Federal Reserve Chairman Jerome Powell stated in an address earlier this year. Not only are cryptocurrencies a secure and efficient way to send money, but nonfungible tokens (NFTs) are changing the way we think about ownership, from unique digital collectibles to potential deeds on physical property. Not so smooth monitoring However, the decentralized nature of cryptocurrencies and the ability for anyone to issue one make consolidated monitoring difficult. This is compounded even further through different aspects of decentralized finance (DeFi), such as decentralized exchanges (DEXs) or decentralized autonomous organizations (DAOs). In fact, in this day and age of more sophisticated cybercrime, security protocols such as two-factor authentication becoming the norm have made this process difficult even for tracking traditional financial assets across different platforms. Many crypto investors are forced to manage their digital assets separate from their 401k, homes and other investments. Some even hobble together their own tools or spreadsheets to try to manually see all of their assets in one place. Ideally, investors should treat crypto as part of their entire portfolio and manage it all together in a single system and from a single interface. Now comes a new platform that can consolidate all these assets into a unified portfolio, enabling investors with a simple, single point of reference.
This crypto portfolio management platform allows traders.... content media
0
11
70

Viktoria Morris

More actions
bottom of page