Crypto Asset Companies Face the Risk of Mass Closures? "The Era of Just Selling Products Is Over"
Crypto Asset Companies Face the Risk of Mass Closures? "The Era of Just Selling Products Is Over"
The digital asset industry is entering a sweeping wave of mergers and acquisitions, signaling qualitative growth as the market shifts beyond the simple listing of products toward companies with self-sustaining business models.
According to industry analysis as of February 8, Tom Farley, CEO of the digital asset exchange Bullish, noted that many crypto-related firms currently possess only a single product rather than an independent business model, warning that strong consolidation across the industry is imminent. Farley, who previously served as chairman of the New York Stock Exchange, emphasized that for the digital asset sector to earn the trust of mainstream finance, market order must be reorganized around companies that can demonstrate sustainable revenue structures.
Farley pointed out that many companies in the sector are merely surviving on market liquidity without building real businesses. He remarked that many firms will soon face a moment of realization that what they have is not a business but simply a product. Such reflection is expected to lead to large-scale consolidation in which well-capitalized and operationally experienced leaders absorb smaller players, resolving market fragmentation and maximizing efficiency.
Industry consolidation is viewed as a positive signal that enhances transparency and strengthens investor protection in the digital asset market. As numerous small exchanges and projects are streamlined and the market is reorganized around large companies with rigorous compliance systems, barriers for institutional investors are expected to fall sharply. While experts anticipate short-term turbulence during this restructuring, they believe it will ultimately reinforce the industry’s fundamentals and accelerate the institutionalization of digital assets.
As major assets such as Bitcoin become integrated into the core of the traditional financial system, corporate transformation is an unavoidable choice. The large-scale consolidation foreseen by Farley is expected to be the final gateway for the digital asset industry to move beyond speculation and mature into a full-fledged financial sector. As global capital concentrates in well-managed, high-quality firms, market stability is likely to reach levels never seen before.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. No responsibility is assumed for any losses incurred based on this content.
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