The crypto industry saw an increase in professional investors at record rates, the Wall Street Journal reported.
According to the report, Coinbase Global Inc saw an overall trade worth $1.4 trillion by institutional clients in 2021 – a jump from just $120 billion the year before and more than twice the $535 billion for retail.
The report also added that hedge funds had joined retail traders who comprised Bitcoin’s market in the earlier year, registered investment advisers and some companies, said Gil Luria, a strategist at D.A. Davidson. The latter has been studying bitcoin since its early days. A prime example would be …
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