Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

BIS warns: crypto exchanges are evolving into "shadow banks," users face unsecured risks

MeNews
ME News message: On April 23 (UTC+8), the Bank for International Settlements (BIS) released a report stating that crypto exchanges are gradually offering bank-like services, such as lending and yield products (Earn), but lack the regulatory oversight and deposit protection found in traditional financial systems, which could give rise to systemic risks. The report says that these high-yield products are essentially closer to “unsecured loans,” where users’ assets are often used by the platform for high-risk activities such as lending, trading, or market making, while users only hold a claim against the platform; once the platform runs into problems, users are directly exposed to solvency risk. The BIS also said that major crypto platforms have evolved from single exchanges into “multifunctional intermediaries,” integrating the functions of banks, brokerages, and exchanges, but with insufficient transparency and risk-segregation mechanisms. The report notes that the collapses of Celsius Network and FTX are typical examples of such structural risks. In addition, the report mentions that the crypto market flash crash in October 2025 led to approximately $19 billion in forced liquidations, highlighting the risks of chain reactions under high leverage and opaque structures. (Source: ChainCatcher)
CEL-0.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap