Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
June 26, 2023: On Thursday, the company stated a crypto exchange supported by financial Charles Schwab, Fidelity Digital Assets, and Citadel Securities has officially established trading in four crypto assets.
EDX Markets first reported its takeoff plans for a “non-custodial” exchange two months before the collapse of FTX. Paradigm, Sequoia Capital and Virtu Financial are among the other early backers.
The report comes days after BlackRock applied to launch what would be the first spot bitcoin exchange-traded fund in the U.S., confirmation that despite the crypto enterprise’s black eye from FTX and other bad actors in 2022 and the chill from U.S. regulators, long-term institutional interest has not reduced.
The EDX exchange allows trading of bitcoin, ether, litecoin, and bitcoin cash, none of which were named “crypto asset securities” in the lawsuits the U.S. Securities and Exchange Commission brought opposite Binance and Coinbase two weeks ago.
EDX has said it aims to “meet the needs of the world’s largest and most sophisticated financial organizations,” many of which remain crypto curious but skeptical of centralized crypto services providers, if not because of the failures of many in 2022, then because of the regulatory delay the remaining instrumentalists now find themselves in.
To quell any fears about abuse of funds, EDX plans to operate as a “non-custodial” exchange, meaning that rather than handling customer assets directly, it will act as a forum on which a network of firms can execute and settle trades between crypto assets and fiat currencies.
EDX also has programs to launch a clearinghouse company this year to facilitate the settlement process but will keep customer assets held at third-party banks and a crypto custodian.
The company also announced it had closed a second funding round with new investors, including the options-exchange operator Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR, and Hudson River Trading.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
April 10, 2025: The far-right Alternative for Germany (AfD) party has recorded significant gains in regional elections, triggering a wave of political instability across the country
April 08, 2025: France and Germany are delaying progress on the European Union’s proposed digital identity wallet, citing unresolved concerns over data sovereignty,
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