Brett Tejpaul, who is responsible for Coinbase’s institutional sales operations, explained that institutional investors are currently interested not only in bitcoin, but also in other cryptocurrencies.
Brett Tejpaul, who manages Coinbase’s corporate sales, trading and custody services, ABSOLUTE During his speech at the event, a “moment of enlightenment” He divided the institutional investors entering the crypto money market into four main groups.
Representing the first of these and cryptocurrencies direct investment Approximately 75% of institutional investors from bitcoin to different cryptocurrencies also invested, most of which eight, and at least 25% of at least five different cryptocurrencies announced the purchase.
For a group of corporate companies to serve their customers Coinbase’s Saying that he only uses its infrastructure, Tejpaul said that some institutional investors stay away from speculative investments and only stablecoin usage stated that the emphasis
Prior to joining Coinbase last year, he worked at organizations such as Barclays and JPMorgan. “Future of Finance” Saying that there is an investor group that focuses on decentralized finance (DeFi) and non-fungible tokens (NFT) He explained that there is currently a great interest in them “in every field from art to sports”.
Accompanying Tejpaul at the event, Brian Brooks said that many institutional investors direct cryptocurrency does not want to receive and licensed organizations DeFi Saying that he could not step into his world, he made the following statement:
“So what do they do when they want to take risks with(with) crypto? The answer is: They find a public company and invest in its debt instrument.”
Announcing that it plans to issue $1.5 billion worth of bonds in its Monday announcement, Coinbase announced the next day that it had updated this number to $2 billion, emphasizing “interest from the market”.
Brooks, who served as the CEO of Binance.US from May to August 2021 and previously served at the OCC of the US Department of the Treasury, cryptocurrency Talking about the obstacles in front of institutional investors who want to enter the market, “I think the main question on the regulatory side is how do we pave the way for institutional investors to fully enter (this market).” said.