Morning Edition · Wednesday, July 29, 2026Published at 1:31 AM EDT · New York
ARK Researcher Expects More Crypto Bankruptcies and Shutdowns as Revenue Concentrates
Lorenzo Valente says falling volumes and rising compliance costs will push consolidation onto a shrinking group of dominant platforms.
Lorenzo Valente, a researcher at the investment firm ARK Invest, expects more mergers, bankruptcies and shutdowns across crypto as revenue concentrates among fewer platforms. His argument is structural. Trading volumes have fallen from thei…
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Mid-Tier Exchange Exits Concentrate Counterparty Risk
Falling trading volumes and rising compliance costs push mid-tier centralized exchanges to exit, concentrating users and liquidity onto a shrinking group of dominant platforms.
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