Bitcoin-backed lending is making a comeback, according to Silicon Valley Bank

The Bitcoin lending industry was reshaped by the failures of Celsius, BlockFi and Genesis during the 2022-2023 crypto credit crisis. Mens hvert firma havde forskellige forretningsmodeller, delte de fælles sårbarheder: løbetidsuoverensstemmelser, overdreven gearing, koncentreret modpartseksponering og rehypotekering af kundeaktiver.

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