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TipRanks 2022-07-07 17:35:41

Solana’s Solflare Wallet Connects with FTX Exchange, Increasing Crypto Accessibility

Cryptocurrency investors face the dilemma of selecting between centralized and decentralized platforms when considering custody options. Via centralized exchanges (CEXs), entering the crypto universe is straightforward between compliance measures (including KYC and AML), fiat-to-crypto on-ramps, and intuitive user interfaces. Yet, these features come at a cost - users lose custody of their assets.  While users retain full custody of the assets in decentralized wallets, navigating the unfriendly decentralized exchange (DEX) and decentralized finance (DeFi) landscape using these self-managed wallets can be challenging for ordinary investors.  To overcome these limitations, the native wallet of Solana, Solflare, has launched a key integration with cryptocurrency exchanges FTX.

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