Crypto’s global nature shields it from tariff shocks, says Offchain Labs exec
Crypto markets are being shaped by the same macro forces that are spooking traditional financial markets, but their international and borderless nature provides a layer of protection, according to Offchain Labs co-founder and chief scientist Edward Felten.
Speaking on CNBC’s “Squawk Box Asia,” Felten noted that the recent volatility in crypto markets is being driven by broader concerns around global trade and economic policy. The source is stemming from uncertainty surrounding U.S. tariffs and comments from President Donald Trump.
Offchain Labs is the team behind Arbitrum, one of the leading Ethereum (ETH) Layer 2 scaling solutions.
“The whole world is trying to figure out, really decipher what President…
