Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst.
The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts.Cryptocurrency lending is a type of crypto services allowing borrowers to use their crypto assets as collateral to get loans in fiat currencies like the US dollar or stablecoins like Tether (USDT).
