📢 The cryptocurrency market has changed since the FTX crash, and according to Galaxy Digital's research report, the conditions that enabled the rise of former CEO Sam Bankman-Fried are no longer valid. 🚀

🔹 New exchanges allow users to entrust their cryptocurrencies to themselves, and these platforms are designed to address the lack of transparency that contributed to the FTX crash by giving users direct control over their digital assets.

🔹 Exchanges that do not offer their own escrow services have begun publishing reserve audits as evidence of their alleged ownership of customer assets.

🔹 The launch of Spot Bitcoin ETFs is also a game changer. US users have access to a regulated Bitcoin ETF, further reducing the incentive to switch to unregulated exchanges overseas.

🔹 There is also a push for better regulatory frameworks and self-regulatory practices in the cryptocurrency industry.

👉 Despite these positive steps, the crypto market is still full of challenges and priority should be given to addressing and correcting harmful practices that have damaged the industry's reputation in the past.

🗣️ Do you think these developments in the cryptocurrency market will have a positive impact on the future of the industry? We are waiting your comments! 💬