Gaevoy: Crypto Custody Will Be an Issue for Years

The video discusses the shift from centralized exchanges to OTC trading due to events like the FTX collapse, emphasizing the importance of custodianship in crypto. It highlights the role of derivatives and stablecoins in addressing custody issues. The lack of regulatory clarity in the US is causing some exchanges to close to US investors, affecting market dynamics. Global competition is shifting, with European and Asian firms scaling up, while US firms pull back. Liquidity remains a concern, but OTC markets are robust.

In what ways are derivatives beneficial in the context of cryptocurrency trading?

How is liquidity affected in the cryptocurrency market due to regulatory issues?