Crypto market faces growing fragmentation – BIS paper
Crypto assets are failing to generate network effects seen in standard payments, authors find
The market for crypto assets is fragmenting as it grows, undermining the case for crypto as a payment method, research published by the Bank for International Settlements finds.
In the bulletin article, authors Frederic Boissay, Giulio Cornelli, Sebastian Doerr and Jon Frost say the crypto market experienced “explosive growth” from January 2020 to November 2021. The value of crypto assets rose more than tenfold, to $2.8 trillion, before collapsing back to $1.2 trillion in June 2022.
The
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