Fitch Warns Banks on Crypto Exposure

[etfs]

Bitcoin and Ether volatility vs S&P 500. Source: Fitch Ratings

Fitch Ratings says it may downgrade U.S. banks with “significant” crypto exposure. While blockchain and stablecoins can boost efficiency, Fitch warns of rising reputational, liquidity, and compliance risks for banks expanding into digital assets.

[Rimon Khan]

Classic Fitch — always steps in after the storm begins.

[Nahid Hossen]

Banks need to reassess their risk models ASAP.