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CoinDesk
Fidelity Survey Shows 58% Of Institutional Investors Now Own Crypto
A recent survey from Fidelity shows 58% of institutional investors already own cryptocurrency.
Institutional Investor Presence In Crypto Sector Continues To See Growth This Year
As per data from an institutional investor digital assets study by Fidelity, digital asset ownership among these investors has gone up by 6% during the past year, despite the industry being deep into a bear market.
The survey was conducted between January and June of this year, and included 1,052 respondents in total. Some 410 of these investors were based in the U.S., 283 in Asia, and 359 in Europe.
Fidelity Digital Assets Starts Ethereum (ETH) Trading for Institutional Clients on Oct 28
A leaked email reveals that Fidelity Digital Assets will offer not only Bitcoin (BTC) but also Ethereum (ETH) to its institutional clients starting October 28. The email was reportedly sent to clients.
Fidelity Digital Assets is part of one of the most well-known asset managers in the world, Fidelity Investments. The giant oversees assets under management (AUM) of more than $ 4.5 trillion.
The subsidiary has now changed its mind on Ethereum. While it said last year that demand from institutional investors was too small, Fidelity Digital Assets is now doing an u-turn.
Binance Launches New Platform for VIP and Institutional Investors
The exchange’s release of Binance Institutional aligns with CEO Changpeng Zhao’s commitment to hire and expand during the bear market.
CoinDesk
Institutional Crypto Investors Flag Regulation a ‘Risk and Reward’ for Bitcoin
Binance has published a report today, in which the crypto exchange revealed the market insights of its largest institutional and VIP clients. As a result, the participants of the research believe regulation is both a big risk and a key growth driver for the crypto industry. Regulation and ETFs > Libra and JPM Coin In […]
The post Institutional Crypto Investors Flag Regulation a ‘Risk and Reward’ for Bitcoin appeared first on CCN Markets
Gemini Exchange Expands into Windy City to Capture Institutional Wave
Gemini, the cryptocurrency exchange launched by Cameron and Tyler Winklevoss, has expanded its footprint into Chicago. A Gemini spokesperson told CCN that they are “opening [the new office] with five employees.” One of them, Andrew Page, appears to have been poached from Coinbase, base on his LinkedIn profile. Page spent one month as senior product […]
The post Gemini Exchange Expands into Windy City to Capture Institutional Wave appeared first on CCN Markets
Crypto Firms Turn Custody Kings to Meet Institutional Demand for Bitcoin
By CCN Markets: In the wake of high-profile hacks such as the $ 44 million recently removed from Binance’s coffers, BitGo CEO Mike Belshe spoke at Coindesk’s Consensus 2019 on matters including security and how this is hindering the will of institutions to involve themselves in Bitcoin and other digital assets. He told an audience at the event that “we are bringing to market a risk-less, efficient and compliant digital asset clearing and settlement” in a move that sees the security and custody solutions company stake a claim for institutional investors by moving crypto transfers off-chain. If a custodian settles
JPMorgan: Institutional Investors Have Growing Impact on Bitcoin (BTC)
Institutional investors may have more of an influence over the price of Bitcoin (BTC) than many might believe. As detailed in a recent article by Bloomberg, JPMorgan (JPM) strategists led by Nikolaos Panigirtzoglou published a report on Friday with data from CoinMarketCap asserts that the gap is closing between retail and institutional Bitcoin trading volumes. […]
SludgeFeed
Nasdaq’s Quandl Institutional Data Platform to Add Crypto Reference Prices
The Nasdaq-owned financial data platform for institutional investors is adding cryptocurrency reference prices from CryptoCompare.
CoinDesk
BitGo Announces New Settlement System for Institutional Clients
Blockchain security company BitGo is launching a new service for institutional clients: a clearing and settlements system that operates off-chain.
BitGo announced this new service in a press release on May 14, 2019, describing some of the features that this new system will have. Assets “never need to leave custody,” according to the announcement, and “counterparty risk is minimized” with BitGo acting as custodian for both sides of any deal.
Voyager Lands Partnership to Bring Crypto Trading to Institutional Clients
Voyager (TSXV:VYGR), a crypto brokerage firm that provides retail and institutional investors with trading solutions, announced Thursday that it has entered into a partnership with professional trading service provider Sterling Trading Tech to offer digital asset trading capabilities to institutional and retail traders through the STT platforms. We are excited to share that Voyager Institutional […]
SludgeFeed
Report: Fidelity Will Launch Institutional Crypto Trading Soon
Financial services giant Fidelity Investments, which manages more than $ 2.6 trillion in client assets, is reportedly gearing up to launch its institutional crypto trading service. According to a report published on Monday by Bloomberg, which cites an individual familiar with the matter, Fidelity is planning on rolling out OTC bitcoin (BTC) trading within the next few weeks. […]
SludgeFeed
Fidelity Survey: 22% of Institutional Investors Have Digital Asset Exposure
Financial services giant Fidelity Investments, which manages more than $ 2.6 trillion in client assets, recently published a report detailing the institutional investor landscape as it relates to digital assets. Institutional investments likely to increase over next 5 years. New #digitalassets research: https://t.co/3Lq5h5ITbT pic.twitter.com/9FTypatN8b — Fidelity Digital Assets (@DigitalAssets) May 2, 2019 According to the report, a […]
SludgeFeed
47% of Institutional Investors Welcome Crypto Investments, Survey Shows
A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Institutional Investors See Crypto’s Potential
Fidelity Investments released the results of its new survey and study on institutional investors’ crypto asset investment strategies on Thursday. Noting a significant rise in interest among intermediaries and institutions, the company wrote:
Ledger, Legacy Trust to Offer Institutional Custody of ERC-20 Tokens
Hardware wallet maker Ledger and Hong Kong-licensed Legacy Trust now provide custody for crypto assets including ethereum-based tokens.
CoinDesk
Mike Novogratz Says Institutional Capital Could Drive Bitcoin (BTC) to $8,000 This Year
Former Goldman Sachs partner Mike Novogratz believes institutional investors are poised to enter the crypto market soon due to recent and future advancements in custody solutions. In a recent interview on Bloomberg, Novogratz shared that he believes Bitcoin’s (BTC) next major rally will be on the back of institutional capital flowing into the market. “All the architecture […]
SludgeFeed
Institutional Crypto Staking Startup ‘Staked’ Raises $4.5 Million
Staked, a New York-based startup that helps institutional investors stake or lend their holdings in proof-of-stake cryptocurrencies, announced Thursday the closing of a $ 4.5 million seed round led by Pantera Capital. We are excited to announce our $ 4.5M seed round!https://t.co/qgco7sQv3K — Staked (@staked_us) January 31, 2019 According to the announcement, Staked provides the secure infrastructure required […]
SludgeFeed
Winklevoss Capital Partner: Institutional Investors May Take a While to Get Into Crypto
Despite the initial intention behind the creation of Bitcoin (BTC), the cryptocurrency movement has become increasingly reliant on adoption by big-name financial institutions to further drive the bullish thesis. With the impending launch of institutional products like the Bakkt futures exchange, many retail investors believe the next big wave of adoption could happen at any […]
SludgeFeed
Institutional Crypto Adoption Grows, But Will Big Banks Make a Splash in 2019?
A top executive in the PricewaterhouseCoopers (PWC) crypto division predicts that more institutional players will announce cryptocurrency projects this year. Henri Arslanian is fintech and crypto lead for PwC China and Hong Kong. He’s also the chairman of the FinTech Association of Hong Kong and a teacher of the first fintech university course in Asia.
The post Institutional Crypto Adoption Grows, But Will Big Banks Make a Splash in 2019? appeared first on CCN
How Institutional Investors Are Changing the Cryptocurrency Market
Institutional investors trading cryptocurrency gained ground in 2018, with a number of high profile players edging in and taking a seat at the table. Increased interest from larger investors may have played a part in supporting digital assets as well as distorting the market.
Also Read: KPMG: Institutional Investment Key to Cryptoassets Growth
Will Crypto Markets Turn Bullish Again in 2019?
Last year, reports emerged that George Soros and the Rockefeller family were beginning to take positions in the emergent crypto asset class, according to Bloomberg. The family’s $ 26 billion Soros Fund Management was supposedly considering trading digital assets. The Rockefeller family’s VC arm, Venrock, decided to take a different approach by partnering with Coinfund to assist entrepreneurs in launching blockchain businesses.
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