Custody Seen as Crypto's Next Major Battleground
Although institutional interest in cryptocurrency trading has grown, the development of the custody space, in particular, is crucial for its next phase of evolution.
Trading in cryptocurrencies has mainly been driven by retail investors, particularly on the hunt for profits from short-term, speculative transactions. Meanwhile larger institutional participation in cryptocurrency trading has been mainly kept on the sidelines due to several missing, but extremely important, features.
In order for crypto to become a true asset class, it is “absolutely required” for larger regulated institutions to be involved, says Hu Liang, co-founder and CEO at crypto-trading
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