Brevan Howard CEO: The crypto industry has turned a page after the FTX collapse, but risk management is still needed around the clock

Odaily Planet Daily News Since the FTX crash in 2023 destroyed billions of dollars of investor wealth, the crypto ecosystem has made great progress. However, TradFi experts said at the Hong Kong Consensus event on Wednesday that the entire industry needs to work harder to become indestructible. Gautam Sharma, CEO and chief investment officer of Brevan Howard, said: "Now there are traditional players entering the crypto field, especially for us, most of our transactions are settled through exchanges, you actually put your assets with the custodian, and you can trade on the exchange at the same time. So in the 18 months since that (FTX crash), the technology has made great progress, but there is more work to do." Sharma emphasized the need for round-the-clock risk management, including market risk, counterparty risk and credit risk. Mike Kuehnel, CEO of market maker Flow Traders, stressed the need to make innovation transparent to gain investor confidence and ensure “data availability and liquidity flows without fragmentation,” adding: “Getting the best price and enabling users to trade at any time are key factors.” (CoinDesk)