The difficulty, right here and within the growth of many different crypto devices, has at all times been market microstructure. Crypto started as a grassroots ideological experiment with buy-in from a really area of interest group of people that needed to alternate an asset that had no certainty round it. Because of this, the market microstructure that was designed to service it was self-serving, unguided, and naturally unregulated. A few of the infrastructural points that exist as we speak in crypto comparable to fragmented liquidity, no consensus round centralized pricing mechanisms, and provide/demand disparities from one buying and selling platform to a different are legacy challenges which might be simply now turning into extra addressable as crypto begins to transition from a totally retail market.
