The future of cryptocurrency exchanges, when large platforms (for example Nasdaq ) will open the possibility for hedge funds to buy cryptocurrency from them in absolutely usual conditions?
1)Nothing will change?
I think it short term, it can open up the market to Wall Street guys that will push the price higher. What makes me worried is that it may bring a lot of manipulation in the long run.
2)Only "small traders" will trade on cryptocurrency exchanges"
No, even average Joe's will try it, believed me, everyone here is trying to make money. So everyone is free to enter whales or casual investors.
3)Only the largest crypto-currency exchanges will remain and create conditions equal to the conditions of large platforms. No wonder binance is trying

Binance has set the bar high, if they want to compete with the best, they should offer better service.