PUBLIC: Hidden Leverage Reveals The Gargantuan Size of FX Swap Markets
thebitcoinlayer.substack.com
So it turns out that offshore banks and nonbanks hold ~3x more dollar debt than anybody knew about. You thought FTX were the only ones who played with leverage?
PUBLIC: Hidden Leverage Reveals The Gargantuan Size of FX Swap Markets
PUBLIC: Hidden Leverage Reveals The…
PUBLIC: Hidden Leverage Reveals The Gargantuan Size of FX Swap Markets
So it turns out that offshore banks and nonbanks hold ~3x more dollar debt than anybody knew about. You thought FTX were the only ones who played with leverage?