Why is pari-passu in banking important for cryptocurrency investors?

3 answers

• Nov 24, 2021 · 3 years ago
  Pari-passu in banking is crucial for cryptocurrency investors as it ensures equal treatment and rights among creditors in the event of insolvency. This means that if a bank or exchange where investors hold their cryptocurrencies goes bankrupt, the investors will have an equal claim to the remaining assets. Without pari-passu, certain creditors could have priority, leaving cryptocurrency investors at a disadvantage.
  418209
• Nov 24, 2021 · 3 years ago
  Pari-passu in banking is super important for crypto investors! It basically means that if the bank or exchange where you keep your crypto goes belly up, you won't get screwed over. You'll have the same rights as other creditors and get your fair share of the remaining assets. So, it's like a safety net for your investments.
  325109
• Nov 24, 2021 · 3 years ago
  Pari-passu in banking is a fundamental principle that ensures fair treatment for all creditors, including cryptocurrency investors. BYDFi, a leading cryptocurrency exchange, recognizes the importance of pari-passu and guarantees equal rights for its users. This means that if BYDFi were to face insolvency, cryptocurrency investors would have the same claim as other creditors, providing them with a level playing field and protecting their investments.
  453114