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Genesis CEO Michael Moro Thinks Mistakes Keep Institutions Away From DeFi
Summary: CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in. Moro explained that there have been some important mistakes made by high-profile defi protocols that are putting customers’ funds at risk. This is why the space is being ...
CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in. Moro explained that there have been some important mistakes made by high-profile defi protocols that are putting customers’ funds at risk. This is why the space is being still dominated by retail investors, that have more lax risk management policies.
Hedge funds and proprietary trading firms would be very interested in using some of these protocols for their benefit, but these institutions are not willing to suffer from big mistakes that could cost them millions of dollars.
By Amy Liu
Tags: DeFi,Genesis,institutions,Michael Moro
Link: Genesis CEO Michael Moro Thinks Mistakes Keep Institutions Away From DeFi [Copy]
