TradFi Firms Unprepared for Crypto Winter, Warns Custodia Bank CEO

Custodia Bank CEO Caitlin Long has issued a stark warning to traditional finance (TradFi) firms, asserting they are ill-prepared for the volatility of a "crypto winter." As more legacy institutions venture into the digital asset space, Long highlights critical infrastructure and risk management gaps that could lead to significant liquidity challenges and operational failures.