According to David Duong, head of institutional research at cryptocurrency exchange Coinbase, institutional investors continue to be very interested in the cryptocurrency market.
Cryptocurrency exchange FTX and its sister company Alameda Research have stated that Alameda’s balance sheet is largely derived from FTX. FTT token dependency It collapsed in November after the discovery.
Although this sinking had negative effects across the crypto industry, according to Duong from the Coinbase team, these events did not whet the appetite of institutional investors.
Duong said that despite the collapse of FTX, investors are still very interested in the cryptocurrency market. institutional investor trend has not changed says.
According to Duong’s comments, this is because institutional investors that these are “periodic developments” to have understood.
The Coinbase administrator also helps institutional investors. “still here” stating that, “to lay the necessary foundation to be able to (actively) trade” are working and that they are preparing for the next cycle to be seen in the crypto market says.