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JP Morgan : FTX Collapse Will Speed Up Crypto Framework

Author: Delma Wilson

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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While the crypto market tumbles down with an effect of FTX collapse, one of the leading American banking institutes, JP Morgan is of the opinion that this will benefit crypto space in the coming days. JP Morgan believes that the FTX collapse will force the regulators to speed up the formation of crypto rules.

The institution further claims that this crypto framework will in turn increase institutional adoption. Next, the bank pens down that all the recent crypto collapse comes from centralized platforms and not decentralized ones. This fact will push the decentralized finance (DeFi) sector to new heights.

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