Analysis: Competition among cryptocurrency companies makes financial services more accessible and cheaper

According to Cryptonews, an analysis published on the Deribit blog by cryptocurrency researcher Hasu and several other contributors states that, although in different directions, all crypto companies have the same goal of eventually becoming a crypto bank. The main indicator of their success will be AUM (Managed Assets), profitable through financial services. Researchers say that in the next few years, competition between cryptocurrency exchanges, wallets and custodians will shift from horizontal expansion where they have been accumulating assets to vertical integration, which will allow users to do more with existing assets . In the process of becoming a bank, these financial services will also become "more accessible and cheaper than ever."