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The evolution of crypto exchanges — What’s next for the industry

Published 10/31/2020, 06:00 AM
Updated 11/01/2020, 07:00 AM
The evolution of crypto exchanges — What’s next for the industry
BTC/USD
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From what started as something of a “technological experiment” with Bitcoin (BTC) over a decade ago, the crypto asset industry has become a significant driver for change in global financial markets. Cryptocurrency exchanges started as a means to enable crypto enthusiasts to trade digital coins outside the traditional financial system on a decentralized and largely autonomous basis.

It is likely that combined with regulatory recognition and development of digital market infrastructures, acceptance of essential Anti-Money Laundering practices, investment in security protection systems, and recognition of investor protection measures will see these businesses continue to expand and potentially merge or compete on an even footing with existing regulated marketplaces.

Martin Bartlam is partner and head of FinTech at DLA Piper.
Marina Troullinou is an associate at DLA Piper.

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