Institutions Continue to Show Interest in Digital Assets

FTX with the bankruptcy of cryptocurrency While the market is experiencing great turmoil, the leading banks of the financial sector and institutional investors continue to show interest in digital assets.

One of the world’s largest banks BNY Mellon, has recently published the 2022 Global Corporate Customers Survey report it prepared. Researchers reached out to 271 individual institutional investors and asked if they were interested in investing in digital assets. According to the results, 246 of 271 institutional investors (91%) stated that they are still interested in digital assets despite the current market.

According to the data, the vast majority of institutions do not entrust their digital assets to a single platform. Investors prefer to spread the risk by using different brokerage firms. 35% of the 246 investors who showed interest in digital assets emphasized that they made their transactions through traditional financial institutions.

Bitstamp USA CEO: The Industry Continues To Grow

One of the Luxembourg-based global cryptocurrency exchanges Bitstamp’s CEO of America Bobby Zagotta commented on the survey by referring to the current state of the industry.

Zagotta stated that traditional financial institutions are officially in a race to provide crypto services. The CEO explained that banks have shown great interest in the Bitstamp-as-a-Service project, which they have implemented to provide crypto services for fintech and traditional finance.

“Last year, fintech companies were just asking us about crypto services. This year, companies are officially scrambling to provide digital asset services to their customers.”