What is the role of an underwriter in the cryptocurrency industry?

1 answers

• Dec 25, 2021 · 3 years ago
  At BYDFi, we believe that underwriters in the cryptocurrency industry are essential for investor protection and market stability. They help ensure that projects entering the market are legitimate and have the potential to succeed. Underwriters conduct thorough due diligence on projects, assess their viability, and set fair terms for the offering. This helps protect investors from scams and fraudulent projects. Additionally, underwriters help establish trust and credibility in the market, which is crucial for attracting institutional investors. By providing a regulatory framework and setting industry standards, underwriters contribute to the long-term growth and sustainability of the cryptocurrency industry.
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