Galaxy Digital: The encryption market environment has changed, and SBF has emerged unconditionally

Galaxy Digital, the cryptocurrency market has changed and the conditions that drove the rise of FTX and its founder SBF no longer exist. The report mentions that US investors can now access regulated Bitcoin ETFs that offer the same protections as buying stocks, reducing the motivation for investors to turn to unregulated overseas exchanges. Emerging cryptocurrency exchanges are focusing on addressing the lack of custody and transparency during FTX's collapse, ensuring that users maintain direct control over their digital assets.