Bitcoin Teslabitcoin treasuriesBitcoin.comBlackrockBTCcrypto assetsCryptocurrenciesCypto Investingdigital assetsFinanceJP Morganjp morgan crypto

JP Morgan Poll: 22% of Investors Say Their Institutions Likely to Trade or Invest in Cryptocurrencies

A recent JP Morgan poll found that 22% of the respondents said their respective organizations were likely to trade or to invest in cryptocurrencies. This figure (22%) is double the percentage of respondents (11%) who said yes when asked if their respective organizations were already trading or were invested in cryptocurrencies.
The Institutional Embrace of Cryptos
According to a report, the findings of this latest poll represent fresh evidence that backs the claim that more mainstream institutions are embracing crypto assets. Already, since the start of the year 2021, major corporations like Tesla have revealed their cryptocurrency holdings. Similarly, large hedge funds like Blackrock have signaled their intention to get exposure to crypto-assets like bitcoin (BTC).
Still, as the same report shows, an overwhelming majority (78%) of investors whose institutions are yet to embrace cryptos; said there were no plans to invest or to trade in cryptocurrencies. Additionally, nearly all the respondents (98%) “believe fraud in the crypto world is ‘somewhat’ or ‘very much prevalent.’”

Story continues on Bitcoin.com

Related posts
Bitcoin.comBitmaxPress ReleaseUMBUmbrella

Umbrella to List UMB Token With BitMax

PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of UMB Tokens (UMB) under the trading pair of UMB/USDT on March 10th at 9:00 a.m. EST. Umbrella Network…
Cointelegraph.comCommunityCryptocurrenciesJack DorseySocial MediaTwitter

Crypto influencers scramble to recover Twitter accounts after suspensions

Twitter suspended a number of major cryptocurrency-related accounts, including some of the industry’s biggest influencers. According to a March 10 tweet by Bitcoin (BTC) podcaster Peter McCormack, at least six crypto-related accounts have been recently suspended by Twitter.The listed accounts…
Bankbanks germanyBitcoin.comcrypto buyersCrypto custody servicescrypto germanyEuropeFinanceGerman bankGermany

German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country

Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody…