Traditional Finance's Crypto Offerings Will Gain from FTX Failure: JPMorgan | CoinMarketCap

In a Nov. 24 research report, Nikolaos Panigirtzoglou, the bank's top digital asset strategist, predicted that the bankruptcy of the world's second-largest cryptocurrency exchange would lead to both a tougher regulatory climate and a shift by institutional investors into regulated exchanges like CME Group, which he said will likely emerge "as a winner."

That same dynamic will apply to the crypto custody business at both the retail and institutional level, Panigirtzoglou's report said.providers Ledger and Trezor are seeing "exponential" sales growth since FTX went belly-up, "the main beneficiaries of the FTX collapse are institutional crypto custodians with large balance sheets and established reputation," he predicted.

Among the big traditional finance, or TradFi, names that jumped into crypto custody this year are Bank of New York Mellon and Fidelity Digital Assets, while others have partnered with crypto-native custody firms — like State Street's March deal with London-based digital custodian Copper.co.

jpmorgan Favor transparency, not regulation

jpmorgan There were winners? 😲

jpmorgan Add BlithewalletInc this one real app you are adding shitcoins

jpmorgan Nice one

jpmorgan Thats nice!!

jpmorgan Thats nice!!

jpmorgan Thats nice

jpmorgan BNB

jpmorgan unbelievable...!

jpmorgan Surprised...?

jpmorgan Thats nice

jpmorgan ChiefraFba gives the most accurate signals and analysis in my experience

jpmorgan Amazing! I have recently started using ChiefraFba for signals, his accuracy is INSANE!

jpmorgan Thats nice

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan: Crypto Market Regulatory Initiatives to Accelerate After FTX’s Collapse.jpmorgan says crypto market regulatory initiatives that are already underway are likely to be brought forward in the wake of the collapse of FTX_Official and sister company Alameda Research. By willcanny99 jpmorgan FTX_Official willcanny99 jpmorgan FTX_Official willcanny99 Welcome more regulations for CeFi and TradFi - but what FTX once again showed us is that DeFi worked great! There is need for little regulation in DeFi, as most is already transparent on the blockchain. flatcoin jpmorgan FTX_Official willcanny99 Bro is not collapse is FTX_Official Scam
Source: CoinDesk - 🏆 291. / 63 Read more »