Institutional traders buying and selling cryptocurrency gained floor in 2018, with quite a few excessive profile gamers edging in and taking a seat at the desk. Increased curiosity from bigger traders might have performed an element in supporting digital belongings in addition to distorting the market.
Additionally Learn: KPMG: Institutional Funding Key to Cryptoassets Progress
Will Crypto Markets Flip Bullish Once more in 2019?
Final yr, reviews emerged that George Soros and the Rockefeller household had been starting to take positions in the emergent crypto asset class, in keeping with Bloomberg. The household’s $26 billion Soros Fund Administration was supposedly contemplating buying and selling digital belongings. The Rockefeller household’s VC arm, Venrock, determined to take a distinct method by partnering with Coinfund to help entrepreneurs in launching blockchain companies.
Mike Novogratz, the chief government officer of Galaxy Funding Companions, mentioned he sees…