In a word, there is nothing to be short about with negative interest rates. At least this has been the case in the last 1-2 years when the depth and volatility are not large.
Today I saw that the Binance Cyber Current Account cannot withdraw money. I have always known that the so-called financial management means that you deposit coins to earn interest, and the exchange borrows your coins from others (usually only a part is borrowed), and the exchange earns a little interest by the way. Difference.
This is actually an easy-to-understand truth. In extreme market conditions (borrowing interest will continue to increase at this time, and the exchange will urge the borrower to repay the currency, otherwise the interest will be very expensive) the currency has been borrowed for shorting, but the borrower has not paid it back. Now you are a large accountant and you want to get your coins back. The exchange has no coins to get them back for you (you can only get them back one after another if others return them and there are coins in the pool).
It is impossible for you to deposit coins and all of them remain in the pool. So where does the exchange get the interest from? It must be lent to you in order to earn interest. The only thing that could have been done better would have been a more obvious reminder of the deposit location.
We always have to pay millions in handling fees every year. This account lasts for half a year, and it is only one account. Excluding the rebates, it is still a few million per year...
Many of the so-called values and popular coins in the past have become like this...
I have seen many so-called popular coins, and most of them have disappeared. The currency circle used to really like interest-bearing coins other than BTC and eth, especially platform coins. Deflation and profitability are there. At least you can’t make money. The bigger the better. The more stable the better, ftx was an accident.
This month, I pledged to mine sei. The estimated income from 1,500 bnb in two accounts is more than 7,000 US dollars. It is still a very good financial product.
Personally, I think that compared to the previous copying model, the following points are more important for Binance copying: a lower profit sharing ratio (10% copying profit and 10% copying fee rebate), then users get The profit is 90% (a relatively high level)
The previous order-taking model would give huge profits to the order-taking person, such as a ratio of 15-30%. Since Binance is the world's largest platform with many users and high activity, user interests should be protected as much as possible. Some traditional asset management commission ratios are 30-50%, so 90% of user profits are relatively high.
$BNB With two accounts holding 1,500 bnb, it is quite good to earn some salary by digging sei. My thoughts on bnb are: At present, Binance’s leading position is basically unshakable, similar to Moutai On the one hand, profitability is here, bnb is experiencing deflation every quarter Every year, the income from IEO and staking mining will not be small. If the market comes, the income in this area is expected to be even more. Except for BTC and ETH, I still feel that there is nothing to buy, so I will buy some bnb to earn wages. You can also get a lot of profits when the cow comes