⁣why do we need wallets if we can store assets on the exchange?

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⁣Is verification required on exchanges?

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⁣Overall, cryptocurrency trading offers opportunities for profit but requires careful research, analysis, and risk management to be successful. It's essential to stay informed about market trends, technological developments, and regulatory changes that may impact cryptocurrency prices and trading activities.

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⁣Decentralized Finance (DeFi) protocols are blockchain-based financial applications that aim to replicate and innovate upon traditional financial services in a decentralized manner. These protocols typically run on smart contract platforms like Ethereum and utilize blockchain technology to enable various financial activities without the need for intermediaries such as banks or brokers. Here are some common types of DeFi protocols:

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