Galaxy Digital: The environment of the crypto market has changed, and the conditions for the rise of figures like SBF no longer exist
ChainCatcher news, according to CoinDesk, Galaxy Digital recently released a research report indicating that the cryptocurrency market environment has changed, and the conditions that propelled FTX and its founder Sam Bankman-Fried to rise no longer exist.The report mentions that U.S. investors can now access regulated Bitcoin ETFs, which provide the same protections as purchasing stocks, reducing the incentive for investors to turn to unregulated overseas exchanges. The design of emerging cryptocurrency exchanges focuses on addressing the issues of custody and transparency that were lacking during the FTX collapse, ensuring that users maintain direct control over their digital assets.At the same time, the industry is also advancing better regulatory frameworks and self-regulatory practices. Although the market still faces challenges, the report emphasizes that it is crucial to prioritize addressing harmful practices that have previously damaged the industry's reputation.