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How pro traders are changing the crypto market: ‘The market structure is evolving’

How this all plays out comes down to the scaffolding of the digital-asset market as it develops and how big a role regulators play

Data from research firm Coalition Greenwich shows crypto-linked ETFs and other products are favoured by 61% of buy-side institutions, versus 27% who want direct physical ownership
Data from research firm Coalition Greenwich shows crypto-linked ETFs and other products are favoured by 61% of buy-side institutions, versus 27% who want direct physical ownership Photo: Getty Images

As crypto sheds its stigma as nothing but a handy channel for criminals and money launderers, banks have so far treaded carefully. 

Goldman Sachs and JPMorgan are among big banks that have dipped their toes into trading crypto — not crypto per se, but futures contracts and other instruments — to reap the volatility and potential returns enjoyed by armchair traders and HODL fanatics during the pandemic.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.