Wall Street’s Crypto Obsession Turns Spot Trading Into a Commodity—Just Like They Did With Everything Else
Institutional money keeps flooding into crypto, and the result is predictable: spot trading is becoming as exciting as a spreadsheet. Liquidity? Check. Tight spreads? Sure. But where’s the soul?
Once the playground of retail traders, spot markets now resemble forex—dominated by algos, arbitrage, and the kind of efficiency that makes bankers yawn (unless there’s a fee involved).
Don’t blame the blockchain. Blame the suits who can’t resist turning every asset class into a homogenized product. Next up: tokenized yawns.