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The cryptocurrency industry must do more than champion decentralization if it is to reach its next phase of growth, and should more fully adopt the centralized infrastructure used in traditional financial markets, CoinDesk reported on June 13, citing an interview with LMAX Group Chief Executive Officer David Mercer.
“Centralization solves coordination problems,” Mercer said. “Buyers and sellers get the best price when they participate in a single central market.” LMAX Group is a UK-based operator of institutional exchanges.
Mercer said the crypto industry has promoted decentralization as a core value for years, but in practice markets have depended on trusted…
