---
title: The Risk and Return of Cryptocurrency Carry Trade
url: https://www.ml-quant.com/papers/ssrn/4666425/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4666425
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4666425
featured: 2023-12-20
citations: 1
topic: Crypto & DeFi
---


# The Risk and Return of Cryptocurrency Carry Trade

Risk and Return: Cryptocurrency carry trade provides high returns that are not solely explained by cryptocurrency factors or geopolitical risks, indicating a significant part of returns is a premium for equity market volatility risk.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4666425
- Identifier: SSRN 4666425
- Released: 2023-12-15
- First featured: Quant Letter No. 30 (2023-12-20): https://www.ml-quant.com/issues/2023-12-20/
- Citations (Semantic Scholar): 1
- Published in: not yet
- Topic: Crypto & DeFi

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