Forget Crypto Trading Release Red, Institutions are now dominant

Retail investors may be the first to participate in the cryptocurrency, but now the show is being run by institutional investors.

Last year, institutions traded $ 1.14 trillion worth of coins on Coinbase Global. (Coin) The largest digital currency exchange in the United States is more than double the $ 535 billion for retailers, reports The Wall Street Journal. In 2020, the institutional total increased by almost 10 times from $ 120 billion.

“It’s a completely different game than it used to be,” Leah Wald, CEO of Valkyri Fund, which sells cryptocurrency exchanges, told the newspaper.

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