According to Bittrex CEO Oliver Lynch, cryptocurrencies should be part of the traditional financial market within the next decade.
Bittrex Global recently filed for bankruptcy in the United States. Lynch promised that once all transactions in the U.S. market are completed, customers will get their funds back.
Global operations will continue as normal, the Bittrex CEO said during a speech at the Bitcoin Miami 2023 conference.
The U.S. is not alone in taking a tough approach to the issue of crypto market regulation. Many countries are acting in the same direction. They have set themselves the task of bringing the cryptosphere into the legal environment in which the ecosystem of traditional assets is already developing.
In about 5-10 years, we will see digital currencies become part of the conventional market, and we will no longer have conferences to discuss lobbying options for the industry, says the exchange’s CEO.
Venture capitalist Tim Draper recently criticized Washington’s tough policy on the cryptocurrency market.
He warned the U.S. government that businesses would leave the country if it didn’t change its course.