Real use of crypto Institutional demand Even as Bitcoin slumps from its vertiginous heights of over $60k, institutional demand stays strong. It is mostly fueled by clients who wish to diversify their investment portfolios, hedge from inflation or simply don’t miss another price push. Crypto ETPs, or exchange-traded products, are available in many parts of the world (since this week – on Paris and Amsterdam Euronext Stock Exchange too). Many commercial banks in the US, Europe or Asia offer their wealthiest clients exposure to cryptocurrencies (the recent one to jump on the bandwagon is Britain’s Standard Chartered)… The trend is quite clear, even if some countries still try to hinder it: this week Russian Central Bank pushed back Tinkoff online bank who solicited authorization to offer crypto to accredited investors.
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This week in crypto. May 31 - June 6. Real…
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Real use of crypto Institutional demand Even as Bitcoin slumps from its vertiginous heights of over $60k, institutional demand stays strong. It is mostly fueled by clients who wish to diversify their investment portfolios, hedge from inflation or simply don’t miss another price push. Crypto ETPs, or exchange-traded products, are available in many parts of the world (since this week – on Paris and Amsterdam Euronext Stock Exchange too). Many commercial banks in the US, Europe or Asia offer their wealthiest clients exposure to cryptocurrencies (the recent one to jump on the bandwagon is Britain’s Standard Chartered)… The trend is quite clear, even if some countries still try to hinder it: this week Russian Central Bank pushed back Tinkoff online bank who solicited authorization to offer crypto to accredited investors.