Kluwer Competition Law Blog

Network effects could drive concentration among crypto exchanges Competition can take many forms. Some markets sustain a large number of firms operating and growing in parallel. In other markets, the competitive process leads to all (or almost all) rivals being eliminated, save for one or a small number of survivors. This latter case has come…

Crypto exchanges operate in a dynamic, fast-paced environment in which the contours of competition are still evolving. However, the main parameters of competition among crypto exchanges, their economic characteristics, and current market data suggest that the sector may concentrate in the coming years. Crypto exchanges will soon attract attention from antitrust agencies, driven by an…