Trading firms see cryptos as elements that can be a source of return on global markets in 2023. Indeed, in 2022, the bankruptcy of FTX and the plunge of bitcoin do not call into question the structural trend towards the institutionalization of the market.

For bitcoin and cryptos, 2022 has not dampened traders' appetite. Large, diversified firms across all markets reduced their crypto exposure in 2022. Indeed, in the first half of this particularly volatile asset class, some of them managed to maintain the profits recorded. In the wake of FTX (hedge funds, traders, etc.), bankruptcies at least had the merit of reducing competition. According to bankruptcies, cryptos are where they can make more money in the future, and only a handful have decided to give up this asset class.

Virtu, one of the leading American high-frequency traders (ultrafast quantitative trading firms), said it had limited the damage in the tornado that followed the FTX bankruptcy in its annual results.