An ARK Invest analyst expects the crypto sector to enter its biggest consolidation phase in history, with acceleration anticipated in the coming months. This period is expected to trigger a wave of mergers and acquisitions, Chapter 11 bankruptcies, project shutdowns, and acqui-hires. Despite this purge, the analyst describes the consolidation as extremely bullish for the industry’s future. Exchanges BitMEX and BitMart recently announced their closures, while Bybit acquired a majority stake in Indonesian platform NOBI to expand its presence in Asia.
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