Last Updated on October 30, 2023 by Bitfinsider
The current spike in cryptocurrency prices has instilled new vigor and passion in an industry that has been badly hit by the collapse of FTX, governmental attention, and countless bankruptcies.
Companies who garnered significant investments at astonishing values in 2021-22 and then went silent for much of 2023 are now expressing interest in joining in our podcast and providing their industry observations.
Nonetheless, the relief that the bitcoin price has surpassed $35,000 may not be shared by all market participants. Binance, in particular, comes to mind as a company that has seen its market share gradually decline over the last year.
The corporation is also dealing with Commodities Futures Trading Commission and US Securities and Exchange Commission allegations. This situation has alarmed a lot of trading firms, prompting them to reduce their trading activities on the exchange.
“It’s tough for institutional guys to commit resources given the headline risk,” said one trading executive in the crypto options industry. “HFT guys have outsized volume due to the nature of the trading style.”
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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
