There are months that can feel like years or decades, and November 2022 could be considered one of those months in the crypto space. The industry experienced a massive rollercoaster of events and emotions, from the hope of an imminent recovery, to capitulation and burnout. Mainstream media kept a close eye on the evolving situations of certain market players, reporting contagion by bad actors, and fueling a “doom” narrative in the space.
However, as we asserted months ago, a bear market is a period of industry cleansing, where rationality and work always win out over loud claims and talk. Quite often, these cleansings are accompanied by general crypto obituaries. In short, there’s nothing new to see here for established ecosystem users. Although crypto supporters can be viewed right now as the heroes of the “This is fine” meme to the casual observer, we know that spring always comes after winter.
Following recent turbulent events, more crypto enthusiasts have begun to look for rationality and stability in the space. In doing so, they’re turning to the services provided by players that put security at the forefront.
As an ecosystem that has been a trusted guide for nearly 10 years, CEX.IO is well positioned to serve as a hideout for anyone who wants to endure market turbulence with confidence. We hold all users’ funds in 1:1 custody, and provide transparent services while maintaining rigorous regulatory leadership. Don’t believe us? We have plenty of positive third-party validation. We’re proud to see that our community is spreading the good word about us in tough market conditions like these.
For our part, we commit to continuing to work on improving our ecosystem, providing our users with more opportunities to handle the bear market, and be able to enter the crypto space without fear. Below, we offer updates on major developments within the CEX.IO ecosystem, and other company news. Let’s roll!
