Crypto Long & Short: Licences, Liquidity and the Shifting Geography of Exchange Quality

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Why This Matters

The article discusses the evolving landscape of cryptocurrency exchanges, highlighting the maturation towards execution-focused operations while facing challenges such as regional licensing disparities and fragmented liquidity. It also hints at future trends in the digital assets market as we approach the end of 2025.

Market Impact

Market impact analysis based on neutral sentiment with 75% confidence.

Sentiment
Neutral
AI Confidence
75%

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

In this week’s Crypto Long & Short Newsletter, Joshua de Vos shares insights from a recent Benchmark report on how the exchange landscape is maturing and becoming more execution-focused, but increasingly uneven as regional licensing diverges, liquidity fragments, and transparency advances inconsistently. Then, we take a look at where the digital assets market may be headed in the final weeks of 2025 with Andy Baehr’s “Vibe Check."

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Original article published by Unknown on November 19, 2025.
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