Risk analyses of the crypto-market: A literature review
Résumé
This paper studies the literature on the vulnerabilities and risks of the crypto-market. Since their creation,
crypto-assets have experienced remarkable market growth and performance, solidifying their position as
an indispensable instrument within financial markets. The existing literature has often addressed the
crypto-market risks independently based on their nature. Consequently, in this paper, we aim to provide
a holistic analysis of the various risks that exist in the crypto-market. Notably, we focus on the financial
and technological types of risk and emphasize their influence on price stability. Furthermore, to complete
this study, we propose a conceptual metric to determine the likelihood of technological vulnerabilities
triggering financial risks. Our contributions are twofold. First, we perform a cross-disciplinary literature
review addressing financial and technological crypto-market risks together. Secondly, we show that these
risks can become a trigger one for another.
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