Crypto Industry Set For Big Shakeups, Massive Consolidation Expected: CEO — TradingView News
Big players in crypto appear ready to buy up smaller projects, and the shakeup could speed up now that prices have cooled.
According to Bullish CEO Tom Farley, the same consolidation that reshaped traditional exchanges is likely to play out across digital-asset firms, with acquisitions replacing a long run of stand-alone hopefuls.
Farley says overblown price tags kept many weak businesses afloat longer than they should have, and that reality is finally catching up.
Bigger Crypto Firms Eye Smaller Players
Farley, who led the New York Stock Exchange (NYSE) until 2018, said during an interview on CNBC on Friday that many teams mistook products for businesses — a distinction he argues is costly.
Companies with modest or stalled revenue were…
