“In the early stages of the cryptocurrency market, the lack of regulation was seen as a first-mover advantage to access new investment opportunities,” ...
source https://www.google.com/url?rct=j&sa=t&url=https://www.europeanceo.com/finance/ironx-regulated-exchanges-key-to-wider-cryptocurrency-adoption/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNE-UeElPU0Aeqd-ZJj271bb3vmaIQ