Crypto Institutional Growth Is Rising In 2019

Many best cryptocurrency news sites have been reporting about the rise of financial institutions entering the crypto market and setting the tone for the remainder of this year and the next one. The stats are showing that crypto institutional growth is positive this year – and what is different is the speed of professionalisation that is taking place in the markets, as our sources note.

As a hot topic, the crypto institutional growth has been recently discussed by Oliver von Landsberg-Sadie, who is the CEO of BCB – a financial services group specialized in digital assets. The CEO drew some comparisons on the various bull runs experienced over the Bitcoin (BTC) lifecycle, giving exceptions to this year’s fundamental growth.

“The 2013 bubble was driven by technocrats and dark web trawlers and the 2017 rally was led by the whims of speculative retail traders, 2019’s growth belongs to financial institutions who are diversifying stale portfolios and finally have the professional machinery to do so,” he said when referring to crypto institutional growth.

Meanwhile, last year in the UK alone, 9 financial institutions were in the latest cryptocurrency news as being brought into the fold by BCB. Specialized in banking and over-the-counter (OTC) trading, these institutions raised the total count to 32, most of whom came on board this year, as Landsberg-Sadie noted.

“This is a fundamental shift in client profile compared to last year which was dominated by crypto projects looking for liquidity.”

Crypto institutional growth has always been important, especially in times like these, when crypto is experiencing some of the largest levels of institutional growth as seen so far – with the Bitcoin futures opening the interest further.

In addition to this, financial institutions are supporting a variety of blockchain projects focused on commodity trade finance and shipping, according to Kari S. Larsen, a partner at Perkins Cole’s Blockchain Technology & Digital Currency group based in New York.

“Exchanges are changing their focus from retail traders to institutional traders, providing such customers better ability to customize the front end of their trading platforms and providing APIs that better suit what institutional traders are used to,” Larsen was featured in the altcoin news when speaking about institutional crypto.