Crypto
Crypto industry braced for major consolidation, Bullish CEO says
The cryptocurrency industry is poised to enter a phase of major consolidation, with many firms coming to realise they have remained at a product level rather than building businesses, Cointelegraph reported, citing Bullish CEO Tom Farley. Farley told CNBC that consolidation has repeatedly occurred among stock exchanges and expects crypto to follow. He said inflated valuations delayed consolidation, and argued companies must merge and scale to survive.
