Crypto industry has a lot more to learn

November 24, 2022

"Proprietary trading, lending, anything that means that something akin to fractional reserve banking is undertaken by an exchange to make client money 'more efficient' should simply not be tolerated in the industry."

Aquis Exchange's Adrian Ip writes for FT Adviser on the FTX fiasco, impact on the broader industry and the lessons that new generation exchanges like crypto could learn from traditional capital markets.