Institutional finance is optimistic about the future of cryptocurrency
A report released by American consulting firm Greenwich Associates says that over 70 percent of institutional finance executives interviewed believe in the future of cryptocurrency industry.
As reported by Sarah Hansen on Forbes, they trust in the approval of laws that will favor the growth of the sector.
The report specifies two areas, now under development, that could attract big financial players:
– financialization: for the development of products like futures and ETFs
– custody: how cryptocurrency is stored by its owner.