Investors are giving institutional crypto platforms the cold shoulder, but there is a silver lining
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Quick Take
- Traders aren’t flocking to the institutional crypto platforms that were announced in 2018, including the likes of Bakkt and ErisX
- Infact, traders are looking to decrease the number of venues they trade on, opting for “retail” venues with better liquidity
- But there is a silver lining for some of these firms
ErisX. Bakkt. Fidelity. The list goes on. Last year, these firms were among the many brands that dove into the institutional cryptocurrency market with announcements of their respective Wall Street-aimed offerings. At the time, bitcoin enthusiasts drooled over the prospect of new institutional on-ramps that promised to lure mainstream investors into the market, known for […]
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