Morning Edition · Wednesday, July 29, 2026Published at 1:31 AM EDT · New York
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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