Not sure about DeFi? Here’s how Coinchange is making crypto investments safe and easy Sep 23rd

Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.

Latest News

The best GIC rates in Canada for 2024 May 24th

Investing The best GIC rates in Canada for 2024 Find the best GIC rates in Canada. Plus, everything you need to know about how they work. Find the best rate Tap "Return to top" to come back here. .... More »

Making sense of the markets this week: March 3, 2024 + MORE Mar 2nd

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is .... More »

The best GIC rates in Canada for 2024 May 27th

Cut unnecessary costs with one simple change to your banking Dec 10th

If you’re like many Canadians, you view bank fees as a necessary expense, but this couldn’t be farther from the truth. Paying a small fee each month isn’t usually much trouble, but over a whole year, it can really add up. The good news is that affordable banking has never been more in .... More »

The best credit cards in Canada for 2024 + MORE Jun 26th

Spend The best credit cards in Canada for 2024 Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help. Compare now powered by Why trus.... More »

Not sure about DeFi? Here’s how Coinchange is making crypto investments safe and easy

– moneysense.ca

As of September 2021, there is more than US$115 billion worth of assets in the Decentralized finance crypto market.

Decentralized finance, or DeFi, provides an alternative to traditional banks. Instead of having a third party in a financial transaction—a role banks traditionally played—there is no intermediary. Instead, transactions are handled automatically through technology, executed using smart contracts.

“All financial transactions and records are immutable, un-editable, securely stored on the blockchain,” says Vadim Filippov, chief science officer at Coinchange, a fintech company that generates yield for customers through blockchain-based assets. “This allows trading, lending, borrowing, insurance and other financial transactions to be automated. And with that automation, the fees generated can go to users, instead of intermediaries.”

Low risks, high returns

Demystifying crypto with yield farming

One of the biggest draws of DeFi is yield farming, which can bring higher rewards than traditional investments…

Continue Reading On moneysense.ca »

Not sure what the best bank rates in Canada are? Be sure to get the best rates possible – Visit our Canadian Banks for details.

Share