Global Financial Services will need to Reinvent themselves as DeFi changes Banking Fundamentals

Banks are currently on the vanguard but with the capital markets warming up to the concept of decentralized finance who knows if that will continue into the near future?

Regulators have been holding back on providing additional clarity around cryptocurrencies which have allowed finance disruptors to gain more than they can lose while the opposite being true for established banks; reputation is everything. Banks are at new heights of anxiety as demonstrated by JP Morgan CEO. The CEO offering his personal advice to stay away from crypto has made his clients less money while being less credible through actions: JP Morgan recently partnered with NYDIG to offer crypto exposure to their clients. Don’t be surprised if their next move is into DeFi…

  1. AAVE (AAVE ) : 18.0%
  2. MKR (Maker) : 12.7%
  3. COMP (Compound) : 10.0%
  4. YFI (Yearn.Finance) : 5.4%
  5. SNX (Synthetix) : 5.0%
  6. SUSHI (SushiSwap) : 4.3%
  7. ZXR (0x) : 2.8%
  8. UMA (UMA) : 1.8%
PWC Third Annual Global Crypto Hedge Fund Report 2021
PWC Third Annual Global Crypto Hedge Fund Report 2021
PWC Third Annual Global Crypto Hedge Fund Report 2021
Pulse of Fintech H1’21, Global Analysis of Investment in Fintech, KPMG International (data provided by PitchBook), *as of 30 June 2021

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James Chung

Founder and Contributor @DigitalBankr. I write exclusive research, analysis and market news on all things blockchain, including crypto-assets.