The Financialization of the Crypto Ecosystem Is Accelerating, Expert Take

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice.

For crypto maximalists, the idea of banks getting involved in cryptos is contrary to the very principles on which Bitcoin was created.

Whether crypto supporters like it or not, cryptos will have to adapt to existing regulations.

Even crypto maximalists need good old banks and institutional investors to get in on cryptos to see the value of cryptos increase.

On their side, regulators realize more and more that there is no putting the crypto genie back in the bottle, the financial system will have to learn to coexist with cryptos.

You are your own bank, but...The whole point of cryptos is that you do not need to trust a third party to hold your crypto assets.

In the crypto ecosystem, exchanges have been playing all three roles of brokerage firms, exchanges and custodians, a recipe for disaster.

"In the crypto ecosystem, exchanges have been playing all three roles of brokerage firms, exchanges and custodians."

The blocks are falling in placeOver time, it is likely that the crypto ecosystem is going to look more and more like the traditional finance ecosystem with brokers and custodians, at least for institutional investors, which means that exchanges may go back to simply being matching engines instead of the one-stop-shops they are today.

Even though current prices are not reflective of the progress made in the whole crypto ecosystem over the past few months, the market is maturing fast and does not look anything like it did one year, two years or three years ago.