Brevan Howard CEO: The crypto industry has turned a page after the FTX collapse, but risk management is still needed around the clock

Odaily News The crypto ecosystem has come a long way since the 2023 FTX crash that wiped out billions of dollars in investor wealth. However, the industry as a whole needs to do more to become indestructible, TradFi experts said at the Consensus event in Hong Kong on Wednesday.
“You have traditional players coming into crypto now, and especially for us, most of our trading is done through exchange settlement, where you actually hold your assets with a custodian and you trade them on an exchange,” said Gautam Sharma, CEO and chief investment officer at Brevan Howard. “So in the 18 months since that (FTX crash), the technology has come a long way, but there’s still more work to do.”
Sharma stressed the need for round-the-clock risk management, including market risk, counterparty risk and credit risk.
Mike Kuehnel, CEO of market maker Flow Traders, stressed the need to make innovation transparent to win investor confidence and ensure “data availability and liquidity flows without fragmentation,” adding: “Getting the best price and enabling users to trade at any time is a key factor.” (CoinDesk)