BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk

BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a riskThe Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.By Olivier Acuna|Edited by Sheldon Reback Apr 23, 2026, 2:35 p.m. Make preferred on The BIS report authors said without proper rules and safeguards, crypto exchanges pose a risk to users' assets as seen with Celsius and FTX. (BIS/Media Gallery) What to know: A Bank for International Settlements report warns that many crypto exchanges now offer bank-like lending and yield products that function as unsecured loans to lightly regulated shadow banks.The report says these “earn” and

Source: https://www.coindesk.com/business/2026/04/23/bis-warns-cryptocurrency-exchanges-are-becoming-shadow-banks-and-why-that-s-a-risk