Opinion
The crypto shake-out shows boring is back
Disrupters of the global financial system have been disrupted themselves as the Federal Reserve removes the punch bowl of stimulus.
Katie MartinContributorWhen Coinbase first listed on public sharemarkets last year, it was quite the moment for the crypto exchange itself and for the digital assets industry more broadly – the moment crypto was allowed behind the velvet rope and into the Wall Street establishment.
No matter that the company’s own regulatory filings said it was reliant on a small number of customers, nor that it said employees “generally do not maintain the same compliance customs and rules as financial services firms”.
Financial Times
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