Crypto is at a crossroads. For nine months, the sector has lurched from one crisis to another. Many have argued that the collapse of FTX should be the last straw. But regulators are engaging more quickly than ever, and traditional finance firms are queueing up to get involved in digital assets. For this Barron’s Live interview, Financial News meets LMAX Group boss David Mercer, to discuss the prospects for crypto at this pivotal point in its evolution. The trading firm launched its institutional crypto offering, LMAX Digital, in 2018. Will the crypto crash prove to be terminal, or do digital assets have a future as part of the broader financial ecosystem?