Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.
Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Amid the rash of year-end wrap ups (we’re just as guilty – see 3rd article below), it’s worth pointing out the pace at which consolidation is hitting the crypto space. It started a few months ago with Coinbase’s acquisition of Xapo’s institutional clients, but in the last week alone we’ve seen Kraken take on Circle’s OTC desk; DV Chain (part of DV Trade) swallow up SigOne Capital, another OTC Desk; Swiss Six exchange take on Daura (tokenised securities issuer); and Gemini tying up with State Street.
Consolidation was bound to feature in this space, and sooner rather than later. What’s interesting to see is who the first movers are, and what effect that will have on 2020.
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