Meltem Demirors highlights crypto institutions transcendence
@Melt_Dem: Crypto institutions rise
In the rapidly evolving financial landscape, Meltem Demirors, a prominent figure in the cryptocurrency industry, emphasizes a shift away from traditional narratives towards the view that crypto entities are becoming significant financial institutions in their own right.
Demirors points out that Coinbase has emerged as a top bank by deposits, been integrated into major indices, and orchestrated a notable M&A transaction by acquiring Deribit. Similarly, Anchorage has attained the status of a federal bank and recently acquired a stablecoin company. Additionally, Tether has surpassed $150 billion in market threshold, suggesting that crypto companies are not merely participants but are establishing themselves as integral pillars in the financial sector.
Loading...
In the previous news, tweet author Meltem Demirors discussed the significance of regulatory developments in the crypto industry.
