An EU license is not a protective charm; it could be a meat grinder for the giants! Last night, when I saw Coinbase and Gemini obtain their EU passports, my first reaction was to applaud, but as I dug deeper, cold sweat began to pour—this is not a win-win situation! It’s clearly the eve of a bloody reshuffle!
Coinbase chose Luxembourg, honestly hiring people to build their office; yet Gemini took advantage of Malta's loophole—just 4 people! Only 4 regulators overseeing three trillion-dollar exchanges! The German BaFin team takes over 40 people six months to review a small exchange, while Malta issues licenses in 6 weeks… The ESMA regulatory bigwigs are already on the hunt with their hammers!
A triple whammy for us retail investors:
Small exchanges are collectively doomed: there are over 150 local exchanges in Europe, and 86% are small and medium-sized players! Coinbase and others are entering with billions in liquidity, driving spreads down to ridiculous levels; I estimate that half of the small exchanges will disappear within 18 months!
A major reshuffle in stablecoins: the EU's new regulations are bloody! USDT is in danger! Coinbase's darling USDC is set to reign supreme, so hurry up and switch vehicles! Derivatives are going wild: Gemini is aggressively pushing futures in the EU, but can the Malta four-man team manage the risks? A friend of mine got burned for 300,000 at a licensed exchange in a small country; it was a painful lesson!
Deadly Deadline: Starting Q3 this year, exchanges without EU licenses will directly block EU users! If your small exchange lacks a license, your account will be frozen immediately! Right now! Go check your exchange's backend!
On the surface, it looks favorable, but in reality, it hides great dangers: when giants fight, retail investors suffer; regulation loosens, and the entire market pays the price! In the next issue, I will exclusively reveal: follow me! I'll teach you how to move your assets to a safe haven in advance, and you can also take advantage of EU compliance benefits! If you miss this wave, be careful—your account may become a tombstone!
