Coinbase Vice President and General Manager Adam White, during a recent interview, asserted that institutional investors would play a significant role for the crypto market since they see cryptocurrencies as a reliable investment asset. This statement is indeed a very bullish assertion regarding the future of the crypto-verse.
During an interview Adam White held at CNBC’s Fast Money talk-show, the Coinbase VP stated that the retail investors hit the breaks, letting institutional investors step in to take the significant role of becoming the primary investors in the cryptocurrencies market.
The role of institutional investors would be a significant one within the crypto market, in the future. To prove its statements regarding the switch from retail investors to institutional investors, Adam White presented Coinbase cryptocurrency exchange figures and new products.
Accordingly, Coinbase chose to invest in new crypto-related services and product, as well as in the new Coinbase Custody platform, specially designed for institutional investors.
Institutional investors will come in large number when the crypto market transparency increases
According to Adam White, Coinbase cryptocurrency exchange platform’s VP, increased crypto market transparency would attract more and more institutional investors. He also added that lowering cryptocurrency regulations’ ambiguity and full compliances with crypto-related legislations would benefit the emergence of increasingly more institutional investors in the market.
We have a long-term vision for space. And we are focused on building the exchange, the wallet, the custodian, that allows capital to move into space.
Adam White, Coinbase Vice President and General Manager
Coinbase cryptocurrency exchange platform introduced the Coinbase Custody service dedicated to institutional investors, among the first platforms in the world.
The emergence of institutional investors would indeed increase the cryptocurrencies trading volumes and would bring the crypto market to the next level, which could mean increased adoption and, above all, higher cryptocurrencies values against the USD.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.