Crypto Market-Making Landscape: Institutional Shift and Industry Consolidation
The crypto market-making industry is shifting toward institutionalization as trading volumes decline from 2025 peaks. Key trends include industry consolidation, traditional financial institutions acquiring stakes in market makers like GSR, and firms expanding into 'crypto capital market platforms' by entering tokenized asset sectors such as RWA.
Summaries are written by AI from the original article. Not investment advice.