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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.