Citi just launched ‘tokenized deposits’ for institutional clients
Citi Token Services will help enable instant transfers globally. The new service will be accessible via its existing systems. Citi shares are down over 15% versus their year-to-date high. Citigroup…
Crypto.com suspends institutional exchange services in the US
Crypto.com cited limited demand for institutional-grade services. The services will be suspended from June 21. Crypto.com’s retail mobile application and platform remain fully operational in the US. Crypto.com has announced…
Has institutional money left crypto?
Key Takeaways Crypto prices have rebounded strongly this year, but the space remains barren compared to the pandemic hysteria Institutional money has fled at an alarming pace, and there is…
Crypto saw $160 million in institutional inflows last week
Investors put $160M into crypto investment products amid concerns around traditional finance. Bitcoin recorded the largest inflows of $128 million as a six-week streak of outflows ended. Digital assets manager…
Institutional investors are increasingly bullish on Ethereum: report
60% of respondents are convinced Ethereum will a better investment in 2023. Bitcoin is also seen as one with huge potential, while other coins attracting institutional investors are Polkadot, Cardano…
Even Cathie Wood admits institutional adoption of crypto will fall off
Key Takeaways Cathie Wood says that institutions may take step back from crypto She believes that they will allocate more to Bitcoin and Ether once they take time to study…
Bitcoin records 7th straight week of institutional inflows
Institutional interest in Bitcoin remains despite the continued price struggles across the market. While institutional investors are not putting as much money into digital asset investment products as was during…