Galaxy Digital: The encryption market has changed, and SBF has emerged unconditionally

Financial services firm Galaxy Digital noted in a recent research note that the cryptocurrency market has changed since FTX’s bankruptcy and that the conditions that allowed the exchange’s founder and former CEO Sam Bankman-Fried to rise to prominence no longer hold true. Analyst Lucas Tcheyan said that new exchanges have emerged that allow users to self-custody their cryptocurrencies. These platforms are designed to solve the lack of custody and transparency that led to the collapse of FTX by ensuring that users maintain direct control of their digital assets. question. Exchanges that do not offer self-custody have begun issuing reserve audit certificates as evidence that they own the client assets they claim, the report said. (CoinDesk)