This crypto winter has been especially brutal, and last week, shockwaves reverberated across the whole sector as FTX – the fourth largest crypto exchange in the world – declared bankruptcy after facing a liquidity crunch and a bank run on deposits. And now, with FUD surrounding Crypto.com and AAX pausing withdrawals, many retail investors are getting anxious, which isn’t surprising considering the headline fall-outs of CeFi players Celsius and Hodlnaut just not too long ago.
I’m still not convinced that crypto is dead yet, as I view these failures as a good thing for the decentralized vision of crypto that everyone is aspiring and working towards. While painful during this period, many of these failures will likely result in greater scrutiny and regulation for CeFi and exchange operators in the near future, which will be better for retail investors and newcomers. There has been something good that came out of every bear market and...
