Cryptocurrencies and blockchain have entered the mainstream and this is no more a secret. Bitcoin has become a subject of fervent discussion among financial practitioners and the space has also seen the entry of a lot of institutional investors in recent times.
In fact, many major financial institutions like JP Morgan have also started entering the market with their own blockchain platforms and solutions; JP Morgan created its JPMC Blockchain Center of Excellence (BCOE) in 2015 to help develop blockchain solutions.
Binance CEO Changpeng Zhao [CZ], in a recent interview, had noted that a large number of institutional investors are willing to enter the digital currency industry, despite the regulatory uncertainty surrounding it. However, one of the major challenges that pose a roadblock for institutional investors is regulations and the high volatility of digital currencies.
Michael Sonnenshein, Managing Director of Grayscale, had opined recently that cryptocurrencies could further benefit from more institutional investors and legacy entities in the space as liquidity increases. Read More...