A skier wearing a blue ski suit, helmet, and goggles falls flat in the snow, with a ski and pole left behind.
After a tumultuous crypto winter, some investors are finally admitting the industry's shortcomings.

  • Insider asked crypto execs and experts where the industry will go after critical partners failed. 
  • Markets are at risk of more volatility and less liquidity in the near term, one cofounder said. 
  • Others see a bull case for decentralized finance and parking assets in non-custodial wallets.

Crypto is facing a banking problem, with three of the industry's crucial financial partners shuttering in the past week.

Silicon Valley Bank, Silvergate Capital, and Signature all closed, and each had distinct ties to the trillion-dollar market.