Crypto’s Liquidity Troubles Are Spreading to Other Platforms

Crypto’s Liquidity Troubles Are Spreading to Other Platforms

From bnnbloomberg.ca

A broad-based selloff in digital assets and the collapse of high-profile tokens TerraUSD and Luna have caused ripple effects across the crypto industry. A wave of liquidations triggered fear of contagion risks. Major lenders Celsius Network and Babel Finance have frozen withdrawals, and Three Arrows Capital, a major crypto hedge fund, is facing liquidity troubles that rattled investors. Total market value of cryptocurrencies, which topped $3 trillion in November, has dropped to $957 billion, according to data from CoinGecko. Below are the latest developments from the crypto fallout. Crypto Yield Firm CoinFlex Pauses ... (full story)

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