The Interchange: Crypto is now a trillion dollar asset class. What now?

7 days into 2021 and it has already been a year of firsts for crypto.

Headlined by the total market value of all outstanding digital assets clearing more than a trillion dollars for the first time ever, several crypto metrics are now (again) measured in the trillions — including annual on-chain transaction volumes of stablecoins, annual spot volumes at major crypto exchanges like Binance, and quarterly derivative volumes in 4Q'20, as examples.