The great majority of exposures are bitcoin and ether or instruments based on those two currencies, the study said. The figures are dominated by services banks provide for others, such as custody, clearing, and market making. Only a handful of banks are fully involved in directly holding or lending crypto.
The Four Biggest Risks in Modern DeFi
You might have heard the doomsday analyses comparing the most successful protocols of this wave, like Ethena or Eigen Layer...