In this week’s Crypto Long & Short Newsletter, Joshua de Vos shares insights from a recent Benchmark report on how the exchange landscape is maturing and becoming more execution-focused, but increasingly uneven as regional licensing diverges, liquidity fragments, and transparency advances inconsistently. Then, we take a look at where the digital assets market may be headed in the final weeks of 2025 with Andy Baehr’s “Vibe Check.”CoinDesk Indices, CoinDesk Indices, Crypto Long & Short, institutional investor, Institutional Investment, Newsletters, Europe, Liquidity, CoinDesk 20, NewsRead More

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