Fidelity Investment's Head of Institutional Crypto Exits Role
Chris Tyrer joined Fidelity Digital Assets as its first U.K. employee four years ago. Original Source
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Institutional
Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears
Bitcoin (BTC) price broke above $22,500 on Jan. 20 and has since been able to defend that level — accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls.E-commerce
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Coinbase Exec Says Institutional Investors Still Into Crypto Post-FTX
David Duong, the crypto exchange’s head of institutional research, says the collapse of FTX didn’t lead to a pullback from investors. Source
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Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows – Markets and Prices Bitcoin News
A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a survey Thursday showing
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Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption
“Crypto custody is the foundational enabler for institutional adoption,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that “unlike legacy custody, crypto custody is all about securing the private key,” which makes it a more technological endeavor. Original Source
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Binance Launches Off-exchange Settlement Solution Binance Mirror for Institutional Investors
Binance announced it recorded a huge influx of institutional investors interested in digital assets during the fourth quarter of 2022.The Binance cryptocurrency exchange, the world leading digital asset exchange on daily traded volume and global regulations, has announced the launch of its off-exchange settlement solution for institutional investors dubbed Binance
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Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients – Bitcoin News
The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets will be mirrored on their Binance exchange account
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Binance Will Allow Institutional Investors to Keep Collateral Off the Exchange: Bloomberg
The feature will be a major blessing for crypto investors trading in the leveraged markets as most crypto traders have to keep their collateral on the exchange for trading, however by using cold storage wallets users can continue to trade crypto during volatile sessions without massive outflows on an exchange. Source
Read MoreBitcoin Witnessed ‘Avalanche of Institutional Involvement’ in Past Year, MicroStrategy CEO Says
Michael Saylor’s advocacy for BTC has received much recognition today and his commitment to Bitcoin entails a long-term HODLing strategy.Michael Saylor, the Chief Executive Officer (CEO) of business intelligence and software firm MicroStrategy Incorporated (NASDAQ: MSTR) has shared a number of bullish comments about Bitcoin (BTC), the world’s first and
Read MoreRecord-high Bakkt Bitcoin delivery exposes institutional frenzy for BTC
Data from Arcane Research shows Bakkt Bitcoin exchange saw another record-high month from Sept. 20 to Oct. 20. This follows a noticeable rise in institutional demand for Bitcoin (BTC) from public companies in recent months.Bitcoin delivery on Bakkt. Source: ICE, Arcane ResearchBakkt, the digital asset payment platform and derivatives exchange,
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