According to Ambre Soubiran, the CEO of cryptocurrency asset data provider Kaiko, the landscape of the crypto trading and investment market is set to change.
Soubiran believes that Hong Kong may soon emerge as a central player in this field, as local players in the US crypto market are forced to seek refuge abroad due to the country’s new regulatory policies.
While America has been a dominant force in the industry for a long time, recent moves to regulate the market and create administrative barriers to business may cause investors, companies, and developers to turn to countries with a friendlier financial climate.
Soubiran believes that countries such as the EU, UK, UAE, Hong Kong, Singapore, Australia, and Japan are now creating environments that are more conducive to the growth of the crypto industry, and this will attract investors and businesses.
In particular, Soubiran sees Hong Kong as a potential new center of gravity for cryptocurrency trading and investment, as the country’s regulations are more favorable than those in the US.
Speaking to the Wall Street Journal on April 1, 2023, she suggested that recent developments in the US could inadvertently help Hong Kong achieve its goal of becoming the world’s crypto powerhouse.
Soubiran’s company, Kaiko, raised $53 million in 2022 to strengthen its position in the crypto data market.