Delphi Digital – The Evolution of Digital Asset Secondary Markets

The main theme of the report is the evolution of secondary markets for digital assets, their structural changes, and new trends.

Key findings include the mainstreaming of secondary digital asset markets with increasing volumes and accessibility, the emergence of new types of buyers dominated by short-term tactical buyers, and regulatory changes and industry adoption such as the approval of spot ETFs and the resurgence of crypto IPOs, facilitating the integration of cryptocurrencies with traditional financial systems.