67 place 9 fresh

218 Crypto Long & Short: Licences, Liquidity and the Shifting Geography of Exchange Quality

CoinDesk
Joshua de Vos @ CoinDesk · today 11:23 EDT

In this week’s Crypto Long & Short Newsletter, Joshua de Vos shares insights from a recent Benchmark report on how the exchange landscape is maturing and becoming more execution-focused, but increasingly uneven as regional licensing diverges, liquidity fragments, and transparency advances inconsistently. Then, we take a look at where the digital assets market may be headed in the final weeks of 2025 with Andy Baehr’s “Vibe Check."

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