Europe ‘lagging behind’ US in crypto markets
Mica made Europe first mover, but rapid US adoption leaves the region trailing, market participants say
The European Union pioneered crypto regulation with its Markets in Crypto Assets Regulation (Mica), but it has fallen behind the US in crypto derivatives, where new products and instruments are winning rapid adoption, according to market participants.
The divergence is increasingly shaping where crypto derivatives liquidity forms – and on whose regulatory terms.
“What we see is that innovative products are first brought out in unregulated markets, and then very quickly adopted in the US,” said
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