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Crypto has survived worse than the fall of FTX: Chainalysis

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Cryptocurrency 19 minutes ago (Nov 24, 2022 11:20PM ET)

Crypto has survived worse than the fall of FTX: Chainalysis Crypto has survived worse than the fall of FTX: Chainalysis

Blockchain analysis firm Chainalysis has compared the fall of Mt. Gox to FTX to determine how FTX’s bankruptcy will impact the ecosystem.

It concluded that FTX was a relatively smaller part of the crypto industry than Mt. Gox was at the time and that the industry should bounce back stronger than ever.

Exchange inflows of CEXes compared to DEXes between 2013 to 2022. Source: Chainalysis
Monthly service inflows for crypto before and after Mt. Gox collapsed. Source: Chainalysis

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