According to the market research firm Tabb, 2018 may be the year when institutional money will finally enter the cryptocurrency market. If it was the year it went mainstream, 2018 is definitely shaping up to be the year corporate money enters.”
Cryptocurrency investors expect institutional money to enter the cryptocurrency market. Many had expected Bitcoin futures to be traded on major US exchanges in December, but since then, Bitcoin has lost more than half of its value.
According to CoinMarketCap data, the total value of the cryptocurrency market is 800 billion in January.
The report showed 3 factors preventing institutions from participating in the cryptocurrency market.. These were cited as regulatory uncertainty, lack of market infrastructure and institutional-level data sources. He said he has pushed for over-the-counter transactions ranging from $30 billion.
As stated in the report, 2018 may be the year when money managers and the world’s biggest financial powers will be actively involved in the field of crypto money.. A glance at the developments since the beginning of the year can clearly see this fact.. In addition to the news that big investors such as Rockefeller and Soros will start investing in cryptocurrencies, the news that big headlines will take place in the media, the parent company of the world’s largest stock exchange New York Stock Exchange has already developed a Bitcoin exchange, Goldman Sachs will start futures transactions in Bitcoin, Nasdaq
In addition, regulatory uncertainties are expected to partially disappear in 2018.. The first step was taken with the G20 meetings held in the past months.. In the summer, it is thought that the regulatory framework will become clear with other summits to be held by the G20 countries.. Another factor cited as an obstacle for institutional money to take place in the crypto space is the inadequacy of the market infrastructure.. This is resolved by the New York Stock Exchange.. In addition, the world’s largest existing exchanges such as Coinbase are working to attract institutional investors.
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