As concerns over crypto credit bubble mount, miners appear to be particularly at risk
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Quick Take
- Explosive growth in the crypto lending market has raised concern for a potential credit crisis, but experts believe that the market is too small for a melt-down
- Miners are exposed to greater risks in the face of the next halving—if bitcoin does not reach a breakeven price next year, they will lose money on the collateral and may have to shut down
The market for digital asset loans is growing at a fast clip, and experts say pockets of risk are starting to emerge. Genesis Global Trading, which has operated a crypto lending division since 2018, saw quarterly loan originations increase from $200 million in the second quarter of 2018 to $870 million in the third quarter […]
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