The exchange landscape is shifting as the digital asset markets look primed to move into a new, more bullish phase in 2024. Market share is falling away from those that led the last cycle highs, leaving the field open for rivals to move in.
But how will the reshuffle play out? Will crypto-native operators like Kraken continue to prevail over the segment, or is it more likely that compliance-centric TradFi expansionists like MultiBank can snap up market share?
Timing and price targets may be a point of debate, but many analysts now agree that 2024 will represent a turning point in crypto’s notorious market cycles. Bitcoin’s upcoming halving event in April 2024 seems likely to occur alongside a demand squeeze created by the rush to list spot Bitcoin ETFs, should the SEC issue a long-awaited first approval – an outcome that still seems highly probable. Both events happening within weeks of one another make for an optimistic BTC price forecast over the following months.
A Shifting
Siemens to boost drug discoveries using AI through the $5.1 billion acquisition of U.S. software firm Dotmatics
[[{„value”:” Germany group Siemens said on Wednesday it is buying Dotmatics, a US software company, for $5.1 billion…