SINGAPORE/HONG KONG -- Cryptocurrency market players are staring at a prolonged slump for their industry, and for digital coins, as the collapse of the once-mighty virtual token exchange FTX spreads unease across the sector in a year that has already wrecked valuations in the asset class.
Cryptocurrencies
FTX collapse spells more 'crypto winter' pain to come
Temasek to write down entire investment in failed crypto exchange
Investors have shied away from risky, volatile assets like cryptocurrencies this year as central banks back away from easy monetary policies to tame rising inflation. © Reuters
Read Next
Latest on Cryptocurrencies
