How does a crypto company enter a new market?
Entering a new market for a crypto company is a multifaceted process that requires a deep understanding of the local regulatory landscape, consumer demands, and competition. Could you elaborate on the key strategies that a crypto firm should adopt to successfully penetrate a new market? What role does market research play in this process? How does a crypto company balance compliance with local regulations while maintaining its CORE business model? Additionally, what are some common challenges that crypto firms encounter when entering new markets, and how do they overcome them?