Yes. Everything suggests they are prioritizing long-term financial stability and staying power for what could be a really long crypto winter. Many poorly thought-out, poorly executed, and brazenly fraudulent schemes must be fully washed away before the market for this technology can find its footing.

Armstrong and his top execs deserve a lot of credit for staying rational over the past few years, while execs at most other firms in the industry seemingly lost their minds and willingly threw themselves into the flames of all sorts of stupid risky schemes.