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Cryptocurrency market starting to attract institutional investors

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According to a report published by Tabb Group, 2018 could be the year for institutional investors to enter the cryptocurrency market. The report indicates that opportunities for exceptional revenue and alpha are the key factors that drive institutional interest in the cryptocurrency market.

Most of the institutional trading volume is now in the over-the-counter (OTC) cryptocurrency market due to regulatory uncertainty, lack of market infrastructure and institutional-grade data sources. This means that significant sum of additional institutional money is being amassed and waiting for the right time to enter the space, the report says.
 
On Tuesday, the leading US cryptocurrency exchange Coinbase, announced the launch of four new products, including Coinbase Custody, Coinbase Markets, Coinbase Prime and The Coinbase Institutional Coverage Group. The introduction of new products aims to meet institutional investors’ increasing demand for cryptocurrency trading infrastructure.
 
“The cryptocurrency market is maturing rapidly as more sophisticated institutional participants enter the space. In fact, in the past few months over 100 hedge funds were created that exclusively invest in and trade cryptocurrency,” says Adam White, vice president and general manager. “As institutions continue to enter the cryptocurrency market, we are committed to building the products and services that uniquely meet their needs.”

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