Whereas the timber are trying naked, this may very well be our fullest media report of 2022 to date.
October noticed thought exercise all through our management workforce, as members continued to share well timed insights on the problems shaping the crypto ecosystem. CEX.IO Founder and CEO Oleksandr Lutskevych appeared 3 times within the Cointelegraph Innovation Circle to supply observations on the Ethereum Merge, unpack how regulators can strategy the digital asset house, and reveal what key takeaways DeFi ought to glean from TradFi.
Moreover our COO, Konstantin Anissimov, helped clarify how the brand new U.Ok. Prime Minister, Rishi Sunak, would possibly additional crypto adoption within the area, and the way BTC can operate as an inflation hedge.
We additionally invite you to hitch us in congratulating our International Head of Compliance, Shelley Schachter-Cahm, who was shortlisted by GRC World Boards as a “Chief Compliance Officer of the 12 months.”
Under are a number of our high media hits, in addition to a obtain hyperlink to CryptoCompare’s latest Change Benchmark report. The piece outlines how CEX.IO maintained its “A” score and Prime 10 standing inside the business, in Q3 2022.
On October 6, CEX.IO Founder and CEO Oleksandr Lutskevych joined the Cointelegraph Innovation Circle to debate how the crypto business may take a web page from conventional markets to high-quality tune operations. From solely itemizing vetted initiatives, to selling transparency inside the house, Lutskevych highlighted how studying from TradFi may imply not repeating its errors.
“Speaking the integrity of your trade’s vetting course of is crucial to establishing belief locally. The subprime mortgage disaster within the U.S. demonstrated the danger of valuing junk belongings. Nevertheless, by making certain solely sturdy, wholesome listings make their approach into the market, customers can really feel empowered to strategy your instruments and providers with renewed confidence and peace of thoughts.”
On October 8, Konstantin Anissimov, COO for CEX.IO, spoke with Cointelegraph to debate the validity of Bitcoin functioning as a hedge towards inflation. Cautious to keep away from the pitfalls of informal utilization, Anissimov identified that BTC’s benefits within the present monetary panorama are relative to how we speak about inflation. Sadly, some issues are greater than economics.
“The roots of worth inflation will be embedded within the geopolitical panorama and the ebb and stream of the worldwide financial system. These are factors that few belongings are shielded from, with BTC being no exception. Whereas BTC can assist hedge towards sure forms of inflation, some nuance is required to unpack that sentiment.”
Final month, CEX.IO’s International Head of Compliance, Shelley Schachter-Cahm, was shortlisted by the Ladies in Governance Danger and Compliance Awards as a “Chief Compliance Officer of the 12 months.” The ultimate winner will probably be introduced at a ceremony set for this coming February in London.
View the entire award listings and classes right here.
On October 10, Wealthy Evans, Managing Director for CEX.IO’s Prime Liquidity platform, spoke with Hedgeweek to debate how corporations can thread the needle between having a aggressive edge, and remaining within the good graces of regulators. Since a part of this course of requires assessing initiatives on a person and ongoing foundation, Evans addressed the function exchanges can play to advertise a wholesome digital asset ecosystem.
“Nevertheless, Evans explains the reply to assuaging these issues lies in hanging a steadiness between portfolio diversification and danger administration. It is usually essential for exchanges to maneuver towards solely itemizing credible initiatives. ‘This manner, we will hope to search out frequent floor that mixes guardrails and scrutiny with ample room to develop and ideate,’ he says.”
On October 11, CEX.IO Founder and CEO Oleksandr Lutskevych returned to the Cointelegraph Innovation Circle to debate how the crypto group can interact within the aftermath of the Ethereum Merge. With a lot buzz and evaluation circulating across the occasion, Lutskevych known as for transparency and steerage from platforms, as we develop to know the ramifications of this momentous achievement.
“With ETH poised to see detrimental inflation and grow to be much more amenable to staking following Merge upgrades, ensuring market contributors really feel supported and knowledgeable all through this flux interval is essential to sustaining confidence within the community. Platforms that supply steerage to customers of all ability ranges to interact with a completely PoS Ethereum community will probably be remembered for his or her stewardship.”
For extra perception on the ETH merge, obtain our Q3 2022 COMPASS report.
Additionally on October 11, CEX.IO’s Head of Company Funds, Arina Dudko was interviewed as part of Fiat Republic’s Crypto Legends collection, discussing her journey from TradFi to DeFi.
With expertise guiding people and establishments alike between fiat and digital currencies, Dudko elaborated on why constructing a fee technique round accommodating consumer wants is the best way ahead.
“We’re led by our customers, and we’re constructing our technique primarily based on consumer wants. Earlier than, crypto was one thing for under a small quantity of shoppers, extra web native clients. However now, crypto goes mass market, and our shoppers are wanting the identical fee choices they’ve, for instance, after they’re shopping for meals on-line, shopping for garments on-line, and we’re simply making an attempt to listen to the wants of our clients by way of protection of areas, fee strategies. We predict that is the important thing.”
On October 20, CEX.IO maintained its “A” score and “Prime 10” standing in accordance with CryptoCompare’s Q3 2022 Change Benchmark report. Moreover, CEX.IO obtained the best potential score for providing KYC/Transaction Danger safety.
Learn the complete report back to discover CryptoCompare’s rubric for achievement, and the way CEX.IO is constant to convey house outcomes.
On October 25, CEX.IO’s COO Konstantin Anissimov spoke with Yahoo!Finance to debate the shifting terrain of U.Ok. politics, and what it means to have a possible crypto ally at 10 Downing. Nevertheless, for Sunak to ship on his promise of turning the U.Ok. into a world crypto hub, Anissimov advised a couple of key developments and basic questions that should come up, and be addressed, to make this dream a actuality.
“If Sunak is eager on realising his dream of pivoting the UK towards turning into a world-class crypto hub, we should see readability on what function the personal sector will play on this new regulatory panorama. Moreover, defining how and to what extent the federal government plans to step in to guard market contributors and institutional stakeholders alike would sign a real sea change for the UK’s coverage towards crypto.”
Lastly and likewise on October 25, CEX.IO Founder and CEO Oleksandr Lutskevych accomplished a trilogy of appearances with one other journey to Cointelegraph’s Innovation Circle. This time, Lutskevych mentioned how regulators may defend the ecosystem by assessing the viability of initiatives. Absent regulatory steerage, Lutskevych voiced the necessity for platforms to take care of a excessive degree of scrutiny and vigilance to guard the worth and belief of all market contributors.
“One of many locations we may use extra transparency and oversight issues the viability of initiatives. Any new resolution delivered to the DeFi market must be accountable for sustaining the integrity of consumer data, worth and belief at each stage of the crypto journey. Till regulators step up, exchanges and funding platforms should get higher at discerning fact from monetary fiction.”