Is Coin98 (C98) Halal or Haram?
Shariah compliance review of Coin98 (C98) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Non-Comfortable
Coin98 aims to bridge traditional finance (TradFi) users with decentralized finance (DeFi) services across multiple blockchains. It offers a comprehensive suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (a cross-chain bridge). The Coin98 Wallet enables users to store, send, and manage crypto assets while connecting to various decentralized applications (dApps) across over 40 blockchains, including Ethereum, Binance Smart Chain, Solana, and more, available on both mobile (iOS & Android) and Chrome extension. <br><br>Platform provides opportunity for DeFi applications to facilitate lending and borrowing activities.<br>Sharlife.my has concluded C98 as non-shariah compliant.
Staking verdict: Non-Comfortable
Given the conclusion under Shariah standards regarding the permissibility of buying and selling the Coin98, any other instrument that involves C98 is to be avoided.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.