Following the FTX collapse in 2022, the cryptocurrency exchange industry is navigating a path towards rebuilding trust and growth.
The industry is still recovering from the FTX collapse, which eroded consumer confidence. Regulatory support is seen as crucial in rebuilding trust.
While not at the 2021 highs, the market shows signs of recovery. Regaining consumer and regulatory confidence is an ongoing process.
Exchange Strategies
– CoinW: Expanding to new markets like the Middle East while navigating regulations.
– Kraken: Focusing on product growth, entering new jurisdictions, and prioritizing compliance.
– Both exchanges see customer service, deep liquidity, and compliance as key strengths.
The approval of spot Bitcoin ETFs in the US is positive for CEXs and crypto trading.
Sthankiya believes CEXs will play a leading role in driving crypto adoption. Shaw anticipates a shift from a “global” to a “local” crypto landscape due to varying regulations.
Both industry leaders have a positive outlook on the future of the cryptocurrency ecosystem despite the current challenges.
