- Exchange-traded funds and banking apps are more convenient than crypto firms, say experts.
- Trading volumes have slumped on many Asian exchanges.
- Banks are set to move into crypto in US, Russia, and beyond.
Crypto exchanges face a fight for survival as traditional financial firms force their way into the market, the authors of a new report say.
As Asian governments prepare to green-light Bitcoin exchange-traded funds, customers could start to desert established crypto trading platforms, crypto analytics firm Tiger Research said in a nine-country study of current crypto trends.
“Traditional financial institutions are entering the market by leveraging familiar-seeming investment products like Bitcoin spot ETFs,” the report’s authors…
