Fitch Risk Of Bitcoin Market Liquidity Becoming Constrained In Response To Crypto-Specific Shocks May Have Reduced As Market Has Matured
FITCH: RISK OF BITCOIN MARKET LIQUIDITY BECOMING CONSTRAINED IN RESPONSE TO CRYPTO-SPECIFIC SHOCKS MAY HAVE REDUCED AS MARKET HAS MATUREDFITCH: BELIEVE LOWER LEVEL OF DISRUPTION IN BITCOIN MARKET PROBABLY DUE TO CRYPTO TRADING MARKET STRUCTURES HAVING BECOME DEEPER, DIVERSIFIEDFITCH: FOR BITCOIN-BACKED SECURITIES, BINANCE HACK REINFORCES BENEFITS OF CONSERVATIVE COLLATERAL COVERAGE, SHORT LIQUIDATION PERIODSFITCH: FOR BITCOIN-BACKED SECURITIES, BINANCE HACK REINFORCES BENEFITS OF ABILITY TO EXECUTE ACROSS MULTIPLE VENUES