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2023's Institutionalization Of Crypto Markets Set To Accelerate In 2024 As ETFs "Unlock $30 Trillion In Advised Wealth"
While crypto markets have historically been dominated by unregulated trading venues and retail investor activity, Goldman Sachs' Crypto team note that 2023 has shown just how much the market structure and participation have evolved and become institutionalized. Following 2022's 'events' - including the Terra-UST depeg and a string of high-profile bankruptcies - this year, we saw a growth of regulated, centrally-cleared derivative venues including Coinbase Derivatives, Cboe, Eurex, GFO-X, AsiaNext or 24Exchange, and a recovery of those 'event'-driven losses... chart The institutionalization of the market was most ... (full story)