Crypto contagion can significantly impact multiple stakeholders in the crypto market, including investors, businesses and the broader financial system. To protect themselves from the negative effects of crypto contagion, each stakeholder should take specific steps.
By diversifying portfolios, investors can lower exposure to crypto contagion. This entails purchasing various cryptocurrencies and additional assets like stocks and bonds. Diversification can lessen the risk and the effects of any cryptocurrency being depegged. To be educated and make wise investment choices, it is also crucial for investors to keep an eye on market trends and news about cryptocurrencies.
Crypto-related businesses, such as exchanges and mining operations, can protect themselves by maintaining strong risk management practices. This entails routine stress testing to recognize and reduce potential risks, ensuring enough
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