TLDR
Crypto shadow banking was the source of the massive, liquidity-driven bull market, as well as ongoing collapse & contagion. One of the most dangerous activities in crypto shadow banking, which brought down the whole ecosystem, is the secretive process of #rehypothecation of collateral. In the current crisis, crypto industry leaders & experts have an opportunity to provide insights into how the industry really operates.via the TL;DR App
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Written by antongolub | Market maker & exchange operator. 9 years in industry. I write about crypto shadow banking, market making & liquidity.
