ChainCatcher reported that according to The Information, the collapse of major cryptocurrency-friendly banks last year caused a lot of trouble for the cryptocurrency market, making it more difficult for hedge funds and other cryptocurrency investors to transfer funds at the speed required for most transactions.

However, more and more cryptocurrency brokerages (such as FalconX) and cryptocurrency trading companies (including GSR and B2C2) are stepping in to provide short-term financing to ensure that their customers' transactions can be settled immediately, thereby generating huge returns in the process. Several cryptocurrency brokers are acting as shadow banks and are providing short-term loans to make up for the time mismatch, charging an annual interest rate of up to 25%.