April 19, 2018 204By Nathan Bentley
“The common assumption is that institutional investors shy away from new asset classes such as cryptocurrency. However, that’s not what we are seeing here at LBX; we've seen a huge uplift in institutional interest recently. Since Q1 2018, we're now handling many millions in trades each month. From hedge funds to pension funds, institutional investors are taking cryptocurrency seriously. At LBX, institutional investors have had access to our over-the-counter desk for some time, which allows investors to trade cryptocurrencies under preferential conditions for high volume orders."This is very positive news for cryptocurrency investors. As Dives rightly states, the common assumption is that institutional investors shy away from cryptocurrencies. Now we know that institutional investors tend to have an awful lot of income through which they can invest, so, it is a shame that unfortunately the majority of traditional firms are still on the fence about cryptocurrencies. Ultimately, there is a lot of untapped investment in these areas that could contribute greatly to the markets. Actions like this can only have a positive impact on the markets, as more traditional investors get onboard and indeed, it seems they are becoming easier to convince, a greater and more varied cash flow will be pumped into different currencies. It is likely that these sorts of investors will focus on the more popular currencies, as Dives states they tend to focus on Bitcoin, Ethereum and Ripple, but, as the markets open up, other alt-coins may start to appear as attractive investment opportunities to, to these groups, and to these investors.