Crypto Rush Today
  • Coins
    • Bitcoin
    • Dogecoin
    • Ethereum
    • Litecoin
    • Ripple
    • Tron
    • NFT
  • Cryptonews
  • Blockchain
  • Metaverse
  • Regulation
  • Shop
  • Market Cap
What's Hot

Bitcoin CME Gap at $28,000 Filled, But Correction Risk Looms

03/20/2023

Why This Means The Top Is Near

03/20/2023

A Guide to Virtual Land Staking in the Metaverse

03/20/2023
Facebook Twitter Instagram
  • Terms & Conditions
  • Contact
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
Crypto Rush Today
  • Coins
    1. Bitcoin
    2. Dogecoin
    3. Ethereum
    4. Litecoin
    5. Ripple
    6. Tron
    7. NFT
    8. View All

    Bitcoin CME Gap at $28,000 Filled, But Correction Risk Looms

    03/20/2023

    Why This Means The Top Is Near

    03/20/2023

    Bitcoin To $30,000? Fed Unveils Tool To Bailout Non-US Banks

    03/20/2023

    NUPL Is Forming A Golden Cross

    03/17/2023

    Will DOGE reach $1 in 2023?

    01/31/2023

    Will Dogecoin (DOGE) break the long-term support of $0.05?

    12/19/2022

    Dogecoin surges 9%; Will DOGE outperform other altcoins?

    11/29/2022

    Dogecoin (DOGE) takes support from the 200 EMA curve!

    11/21/2022

    Bitcoin Market Dominance Hits 9-Month High As Altcoins Turn Red

    03/19/2023

    Use Multi-Signature And Social Recovery Wallets To Achieve Self-Custody, Ethereum Creator Says

    03/18/2023

    ETH Maintains Bullish Form As Developer Confirms Date For Shanghai Upgrade

    03/17/2023

    Ethereum Displays Bullish Pattern, What To Expect Next?

    03/15/2023

    LTC is all set to surpass the $100 mark!

    01/31/2023

    Can Litecoin (LTC) surpass the $82 mark in the third attempt?

    01/11/2023

    Litecoin (LTC) outperforms its peers and showcases huge potential!

    01/04/2023

    Litecoin lacks a buying spree; Support remains relatively stronger

    12/08/2022

    Ripple CEO assures ‘strong financial position’ despite SVB collapse

    03/13/2023

    Why is XRP price up today?

    03/09/2023

    The crypto industry has ‘already started’ moving outside US, says Ripple CEO

    03/05/2023

    97% of payment firms believe in the power of crypto

    03/03/2023

    Is it time for a long position in TRX?

    02/01/2023

    TRON spikes 5% today: Can TRX breakout continue?

    01/09/2023

    TRON is likely to regain its previous support of $0.06

    12/15/2022

    TRON (TRX) price plunge may be on the horizon

    12/08/2022

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    03/14/2023

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    03/07/2023

    Amazon NFT Marketplace To Reportedly Launch Next Month

    03/06/2023

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    03/02/2023

    Bitcoin CME Gap at $28,000 Filled, But Correction Risk Looms

    03/20/2023

    Why This Means The Top Is Near

    03/20/2023

    A Guide to Virtual Land Staking in the Metaverse

    03/20/2023

    Bitcoin To $30,000? Fed Unveils Tool To Bailout Non-US Banks

    03/20/2023
  • Cryptonews

    Orbeon Protocol soars; Shiba Inu recovers on Shibarium launch

    02/05/2023

    Aptos soars, and Orbeon Protocol is expected for 6000% gains

    02/04/2023

    Cosmos, Chainlink, and Orbeon Protocol

    02/03/2023

    Binance Coin, Helium, and Orbeon Protocol lead market gains

    02/03/2023

    Crypto goes without any mention in the 2023 Union Budget

    02/02/2023
  • Blockchain

    Lodestar announces the mega launch of v1.4.0

    02/03/2023

    KardiaChain partners with Vibranium Audits & revolutionizes dApp

    02/02/2023

    Djed goes live on Mainnet, beginning a new era of stablecoins

    02/01/2023

    Aave deploys V3 on Ethereum mainnet to mitigate user risk

    01/30/2023

    COTI makes an invaluable contribution to the boosting of Djed

    01/30/2023
  • Metaverse

    A Guide to Virtual Land Staking in the Metaverse

    03/20/2023

    Nissan Doubles Down on Web3 Innovation

    03/14/2023

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    03/13/2023

    South Korea Launches New ‘Metaverse Fund’

    03/13/2023

    Nissan files 4 new web3 trademarks, trials sales in the metaverse

    03/13/2023
  • Regulation

    US Regulator Will Require Any Buyer of Failed Signature Bank To Scrap the Company’s Crypto Business: Report

    03/19/2023

    Circle CEO Jeremy Allaire Warns Contagion Risks Not Completely Gone Following USDC Depeg

    03/17/2023

    Bitcoin Bursts to $22,000 As Biden Administration Tries to Stop Contagion in U.S. Financial System

    03/15/2023

    South Dakota Governor Moves To Block CBDC Bill That Excludes Crypto Assets From Definition of Money

    03/13/2023

    U.S. Department of Justice Appeals Court Decision Approving $1,300,000,000 Voyager Acquisition

    03/11/2023
  • Shop
  • Market Cap
Crypto Rush Today
Home»Coins»Ripple»Ripple exec expects more crypto acquisitions by TradFi in 2023
Ripple

Ripple exec expects more crypto acquisitions by TradFi in 2023

By 01/10/2023No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at Ripple.

Sendi Young, Ripple’s managing director for Europe, took to Twitter on Jan. 9 to share a set of industry predictions for 2023, expressing confidence about crypto in the near future.

According to Young’s forecast, the coming year will bring many acquisitions in the blockchain and crypto industry, which will help such companies and startups fill the gaps in their capabilities. The acquisitions will further strengthen the industry in the aftermath of casualties like the FTX collapse as well as other issues experienced by firms like Celcius, Voyager, Three Arrows Capital and others, the Ripple exec noted.

Young also predicted that cryptocurrency and blockchain firms will be increasingly acquired by traditional financial (TradFi) companies and other established companies in 2023.

Cast your vote now!

Young’s predictions about the state of crypto acquisitions in 2023 come amid the increasing interest by traditional finance giants in buying subsidiaries of the now-defunct crypto exchange FTX. As many as 117 financial and strategic counterparties have expressed willingness to purchase one or more of FTX’s branches like FTX Japan, FTX Europe, LedgerX and Embed, according to a court filing from Jan. 8.

The cryptocurrency industry has seen some major acquisitions recently, with Mike Novogratz’s Galaxy Digital acquiring Argo Blockchain’s flagship mining facility Helios for $65 million in late December. According to Novogratz, the Helios mining deal was a transformative acquisition for Galaxy as the firm works to increase its exposure to the Bitcoin (BTC) mining sector.

Related: Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed

Among other predictions, Young also forecasted that 2023 will see greater adoption of fiat-backed stablecoins as institutions realize the benefits of blockchain for real-time merchant settlement.

At the same time, central bank digital currencies will also “come of age,” the exec predicted, adding that the FTX collapse has further triggered the need for nations to establish a “dependable digital settlement asset as a secure alternative to other crypto solutions.”