Evolving U.S. Cryptocurrency Markets: Challenges and Opportunities

This chapter explores the dynamic landscape of primary markets in U.S. cryptocurrency, focusing on competition among exchanges like Binance and emerging platforms such as CrossX. It highlights how increased competition will benefit consumers by lowering prices and improving trading experiences, alongside the anticipated entry of traditional financial institutions into the crypto space. The discussion also addresses regulatory challenges and potential conflicts within current exchange models, underscoring the need for thoughtful regulations to protect retail clients.