Author: Yves Longchamp

Yves Longchamp is Head of Research at SEBA Bank. His professional experience has taken him from the Swiss National Bank to the world of crypto-currencies via major banks and asset management. Market finance and macroeconomics are the research topics that mark out his career. Before joining SEBA, Yves worked at Ethenea Independent Investor, Pictet & Cie, UBS and the Swiss National Bank.

DeFi is a new financial paradigm that generates significant benefits. As of September 2021, DeFi transactions were funded by no less than USD 88.7 billion. The risks associated with DeFi are also significant and amplified by its unregulated environment. Since 2017, the evolution of the crypto industry has shown that a regulatory approach that can provide certainty to the private sector, support innovation, and mitigate money laundering and investors’ risk can boost cryptocurrencies adoption. The same holds true for decentralised finance (DeFi). The critical question is how to regulate DeFi. In this context, the current debate in the US suggests…

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Since the cryptoasset market peaked in May, all major cryptoassets have taken a hit, and prices have remained under pressure. Measured in US dollar, the most indices dropped by double digits in June, more than Bitcoin (-5.3%), illustrating that altcoins have been impacted more heavily. However, last month’s performance differential should be taken with a pinch of salt. Indeed, most crypto indices’ year-to-date performance is more than 100%, while price of bitcoin has increased by about 21%, showing the massive outperformance of altcoins so far this year. The success of altcoins mirrors the rise of DeFi applications that have boomed…

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