The large and sharp drawdowns seen around crypto assets over the last two weeks have raised questions about the nascent industry’s ability to handle this kind of situation and to prosper in a non risk-on environment.

The best example of this is the flash crash on the crypto derivative exchange Bitmex - a derivatives trading platform that offers investors access to the crypto markets using funding collateral only Bitcoin, on Thursday 12 March. Thisgreatly exacerbated the market downturn, according to Laurent Kssis (pictured) , managing director at 21Shares (formerly Amun). This prompted the UK Financial Conduct Authority to issue an investor alert stating that the popular Hong Kong-based bitcoin derivatives

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