Home
News
Details

DeFi Users Abandon Traditional Off-Ramps Amid Banking Scrutiny and Debit Card Failures

iconTheMarketPeriodical
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
DeFi users are moving away from traditional off-ramps as banking scrutiny tightens and crypto debit card **features** falter. High-net-worth holders face compliance barriers when converting **crypto** to fiat, creating a growing group of “Paper Millionaires.” Many crypto-linked debit card programs have shut down or removed **crypto** functionality. Users now rely on non-custodial aggregators like CoinsBee to spend **crypto** directly, avoiding banks. But this shift brings higher fees and slower transactions compared to traditional systems.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.