FTX's collapse wiped out $200 billion in the total value of the cryptocurrency market, and it hit retail investors in emerging economies the hardest

• FTX's downfall wiped out $200 billion from crypto's market capitalization last year, a new report revealed. 
• Retail investors in emerging economies like India and Thailand were hit the hardest, per the Bank for International Settlements.
• This may be because larger players "tended to sell their coins right before steep price declines, while smaller investors were still buying," it said.

Cryptocurrency markets lost $200 billion in value in the wake of FTX's downfall in November, a new report found, but losses weren't the same for investors across the board.