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Crypto Shakeout May Go Beyond Market Pain

Centralized crypto lenders are having a comeuppance.

Centralized crypto lenders are having a comeuppance.

Source: Vauld website

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Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Emily Nicolle discusses the outlook for crypto lenders:

Struggling lenders are poised for liquidation as the crypto crash claims more victims. That likely spells more market pain as assets hit exchanges, but it also raises existential questions for this subset of the crypto world.