Crypto Sector Must Adapt Traditional Finance Infrastructure for Next-Stage Growth

The cryptocurrency sector is facing a crucial challenge to transition into its next stage of growth, according to David Mercer, CEO of London-based fintech giant LMAX Group.

In order for this to happen, the sector must learn from the centralized structures of traditional finance and transform into a more organized ecosystem.

Mercer emphasized that digital assets need to benefit from centuries of experience in traditional capital markets, including a centralized coordination mechanism and reliable trading venues.

This infrastructure would enable buyers and sellers to achieve the best prices, which is currently hindered by the inability to quickly move collateral between different platforms.

The importance of this infrastructure was highlighted by LMAX's own experience, with an average daily trading volume of $50 billion.