Everyone Wants to Be the House — Week in Review
regulatory
The week’s coverage centered on the growing push by financial firms and platforms to become intermediaries in Bitcoin markets, capturing fees, spreads, and customer flow rather than simply holding the asset. This “everyone wants to be the house” dynamic reflects Bitcoin’s increasing financialization and broader institutional adoption. It may improve liquidity and access, but it also concentrates influence among custodians, exchanges, and other intermediaries, potentially reintroducing counterparty and market-structure risks into the Bitcoin ecosystem.
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