CEX.IO’s Q4 2023 Industry Report Offers Clear-Eyed Perspective for the Crypto Ecosystem
5 Thoughts for the Crypto Space in ‘24 and Beyond explores the current discourse around key issues impacting, and impacted by, the digital asset ecosystem.
CHICAGO, Jan. 30, 2024 (GLOBE NEWSWIRE) — CEX.IO, a global ecosystem of products and services that connects curious participants to the cryptocurrency economy and decentralized finance (DeFi), published its latest market analysis report for Q4 2023, COMPASS: 5 Thoughts for the Crypto Space in ‘24 and Beyond.
Pivoting from on-chain diagnostics and computing power, 5 Thoughts takes a bird’s eye view of the digital asset landscape to tackle broader existential questions. Building off investigations conducted by the CEX.IO Market Research Team throughout 2023, the report begins by digging deeper into the cultural fissure around AI’s promise and implementation. Each topic is then approached with equal rigor, and gestures toward pathways that could serve to improve the overall functionality and accessibility of the digital economy.
From Bitcoin ETFs and the rise of asset managers in crypto, to high-profile legal cases and regulatory developments, the report measures how shifting sentiments are influencing the industry’s public perception. Its meticulous citations examine professional and customer reactions to books investigating crypto, alongside rising trends in correlated sectors to synthesize and extrapolate on a confluence of market forces.
“After 10 years of providing award-winning services to participants at every stage of their crypto journey, we wanted to examine the space from our unique vantage point,” said Oleksandr Lutskevych, Founder and CEO of CEX.IO. “The latest COMPASS report provides coordinates to navigate the current crypto landscape with greater understanding, and sharper tools for self discovery.”
Alongside updates on 2023’s regulatory developments, the report concludes with somber analysis of the crypto ecosystem’s environmental impact, and the industry barriers blocking modest climate goals. Despite the enormity of included topics, 5 Thoughts maintains its critical focus to draw connections and expose vectors of refinement for crypto enthusiasts committed to encouraging wider adoption.
“There are always ways to improve human-derived systems, but it takes real courage to change course, or try another approach. By making better choices together, there’s no limit to the industry’s collective potential.” Lutskevych added.
To download COMPASS Q4 2023: 5 Thoughts for the Crypto Space in ‘24 and Beyond, click here.
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