The crucible of financial services has always catered for
risk-takers, first and foremost. Yes, marketplaces are used by all sorts of
participants, including risk mitigators and the like, but the ones who seek the
grandest rewards often take the greatest risks. It is a deeply ingrained brute
fact that will never change.

Digital assets, commonly referred to as crypto, have evolved
from a niche asset class into a significant component of modern financial
markets. As adoption has grown across both retail and institutional investors,
their influence on brokerage business models, market infrastructure and
regulatory expectations has expanded considerably.

Gazing across the lush savannah of financial services today,
the sector with the most…