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Steve Kurz (Galaxy) on Opportunities in Crypto
Galaxy Brains
The Future of Cryptocurrency
I think there have been notable changes to the market structure over the past 12 months, particularly with respect to how credit is extended and what's your restriction. One of the reasons that crypto did so well over time was because of exchanges like FTX that gave you liquidity on alt and other things,. And now, if you can spread out your counterparty risk, it helps you do that. I think the fact that Coinbase and Gemini are opening these offshore exchanges are going to be tremendously valuable to the space.
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