The cryptocurrency world had a particularly chaotic year in 2022. The year was marred by allegations of fraud by the FTX galaxy. In the new year, everyone hopes that the market will improve.

After the 2022 scandals, the profound crisis of confidence after the 2022 scandals has in fact seen a succession of crises and crashes. This is the collapse of the trading platform Celsius Network and the stablecoin, which was supposed to be more resilient because it was backed by the dollar. TerraUSD experienced a spectacular bankruptcy in May, which was undoubtedly fraudulent. However, the FTX empire in November was valued at 32 billion dollars at the beginning of 2020. Also, there is the fall of 60% in the capitalization of cryptos to some 1.3 trillion dollars.

Clément Coeureuil, the co-founder of the Yuzu platform, believes that “the return of trust will be long in coming because trust is earned by the drop but lost by the liters.” The wind of regulation will blow stronger in 2023. Similarly, 2023 should mark the end of a certain degree of regulatory laxity. For crypto platforms, 2022 will leave lasting traces. Franck Guiader for his part anticipates the events of the year.

For him, “two phenomena could be observed in 2023. First, a concentration of platforms, given the difficulties encountered, and the need to generate volumes to become more profitable. The year of preparation for entry into MiCA should encourage platforms to integrate new legal skills, cybersecurity experts, and commercial developers to set up new partnerships, especially abroad.”