Group 1 - The core drivers of the cryptocurrency market in 2025—regulatory compliance, spot ETFs, stablecoins, and asset tokenization—are expected to create a strong "compound effect" in 2026, further increasing global adoption rates [1][2][3] - The successful issuance of spot ETFs has opened compliant entry points for institutional funds, with digital assets increasingly appearing on corporate balance sheets, a trend expected to become more pronounced in 2026 [1][3] - The compression of ETF approval cycles and the growing importance of stablecoins in cross-border payments and delivery versus payment (DvP) structures are embedding crypto infrastructure deeply into mainstream financial systems [1][3] Group 2 - The transparency of the regulatory environment is seen as a "stabilizing factor" for institutional entry, with the advancement of the U.S. GENIUS Act and the integration of the European MiCA providing clear operational guidelines for the industry [2][3] - Institutional-level applications are being built on the foundation of these regulatory advancements, moving crypto technology from the periphery to the core of the financial system [2][3] - The changing investor structure is reshaping the market ecosystem, with current crypto demand driven by macroeconomic factors, technological changes, and geopolitical dynamics rather than solely by narratives like "halving" or "speculation" [4]
OEXN:加密资产普及 进入复利增长期
Xin Lang Cai Jing·2026-01-05 10:16