Matt Levine
Crypto, Clearing and Credit
Bloomberg, 2022
Aperçu
Crypto aims to do away with the human inputs critical to finance.
Recommendation
Crypto is calling into question some basic relationships in finance and credit. A mathematical and statistically driven process, trading in the decentralized and disintermediated crypto space would suggest unbiased treatment for all participants, yet margin lending and the extension of credit (a word derived from the Latin for “trust”) rely to some degree on human judgment. In this enlightening analysis, financial columnist Matt Levine parses the proposed changes that impersonal crypto trading would bring to conventional securities finance.
Summary
About the Author
Matt Levine writes on matters of finance at Bloomberg Opinion.
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