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Feb 09
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LONG
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Christian Lopez
Head of Blockchain and Digital Assets at Cohen & Company Capital Markets
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"The big banks... are already preparing... having conversations about M&A, buy versus build." "If I don't [sell], the big banks are going to take me out in five years." The current crypto downturn is a shopping spree for well-capitalized TradFi banks. They can acquire distressed crypto infrastructure (custody, payments, rails) for pennies on the dollar, bypassing years of R&D. Long the acquirers (Banks) who will own the rails of the future financial system at a discount. Regulatory crackdown prevents banks from finalizing these acquisitions. |
The Block
From Coinbase Superbowl ad to upcoming earnin...
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