72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’ – Featured Bitcoin News
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A recent survey of institutional traders reveals that a large majority of them have no plans to trade cryptocurrency. The survey, conducted by financial services firm TABB Group, found that 72% of the institutional traders surveyed had no plans to trade crypto.
The survey polled over 100 institutional traders, including hedge funds, asset managers, and proprietary trading firms. The results of the survey indicate that despite the recent surge in crypto prices, institutional traders remain wary of entering the crypto market.
One of the primary reasons for this reluctance is the lack of regulatory clarity in the crypto space. The survey found that regulatory uncertainty was the primary factor preventing institutional traders from entering the crypto market. The lack of clarity around the legal status of crypto assets, as well as the lack of a unified framework for reporting and taxation, are major deterrents for institutional traders.
The survey also found that the majority of institutional traders view the crypto market as too volatile and prone to manipulation. This is another major factor that is preventing institutional traders from entering the crypto market.
The survey results are not all bad news for the crypto market, however. While the majority of institutional traders surveyed had no plans to trade crypto, 28% of them said they had plans to enter the crypto market in the near future. This indicates that there is still potential for institutional traders to enter the crypto market in the future, provided that the regulatory environment becomes more favorable.
In addition, the survey also found that institutional traders are more likely to enter the crypto market if they have access to more sophisticated tools, such as derivatives and over-the-counter (OTC) trading platforms. The survey also found that institutional traders are more likely to enter the crypto market if they have access to more reliable custodial services.
Overall, the survey results indicate that institutional traders remain wary of entering the crypto market due to the lack of regulatory clarity and the perceived risks associated with trading crypto assets. However, there is still potential for institutional traders to enter the crypto market in the future, provided that the regulatory environment becomes more favorable and more sophisticated tools become available.
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