Risk analyses of the crypto-market: A literature review

Résumé En

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 asan indispensable instrument within financial markets. The existing literature has often addressed thecrypto-market risks independently based on their nature. Consequently, in this paper, we aim to providea holistic analysis of the various risks that exist in the crypto-market. Notably, we focus on the financialand technological types of risk and emphasize their influence on price stability. Furthermore, to completethis study, we propose a conceptual metric to determine the likelihood of technological vulnerabilitiestriggering financial risks. Our contributions are twofold. First, we perform a cross-disciplinary literaturereview addressing financial and technological crypto-market risks together. Secondly, we show that theserisks can become a trigger one for another.