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How Institutional Investors Are Changing The Cryptocurrency Market
It’s official: institutional players have entered the crypto race. Bloomberg reported that large buyers such as hedge and endowments funds have been consistently purchasing over $100,000,000 worth of digital coins through private transactions. Miners are now scheduling regular, over-the-counter (OTC) coin sales. Some have even set up their own liquidity desks and operations to accommodate the estimated $250 million to $30 billion in trades. Previously, large investors have stayed clear from the crypto-investing space due to high volatility of the key currencies. As bitcoin and ether prices have seemed to reach ... (full story)