Has the market downturn turned off institutional investors? Not according to James Hume of Huobi Global, who estimates that 20-30 firms with more than $1 billion could start trading within the year.
James Hume, head of sales at Huobi Global, said t while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the space.
Speaking to Cointelegraph at the European Blockchain Convention on Tuesday, Hume said that the crypto exchange had observed increasing interest from institutional investors within the last one to two years in entering the digital asset space. According to Hume, it took a long time for certain firms and hedge funds to “build teams, raise capital and understand the infrastructure” to participate in crypto, estimating that 20–30 firms with more than $1 billion could start trading within the year.
“I think it’s a pretty exciting time,” said Hume. “A lot of the more speculative bets in crypto… Some have got a bit of cold feet, obviously, if you’re looking to come to the market and take a pretty decent size allocation.”where our incredible speakers will debate the widespread of staking in crypto sphere.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden announced a $600 billion global infrastructure program to counter China's cloutPresident Biden said the effort will prove democracies can deliver, and with fewer strings attached than Chinese-funded infrastructure. 'It's a chance for us to share our positive vision for the future,' he said.
Read more »
'Top Gun: Maverick' Soars Past $1 Billion at Global Box OfficeTop Gun: Maverick has passed a major milestone, becoming Tom Cruise's first film to cross the $1 billion mark at the global box office.
Read more »
WHO panel: Monkeypox not a global emergency 'at this stage'The World Health Organization said the escalating monkeypox outbreak in more than 50 countries should be closely monitored but does not warrant being declared a global health emergency.
Read more »
Monkeypox not a global emergency 'at this stage,' WHO panel saysAn emergency committee said many aspects of the outbreak are “unusual” and acknowledged that monkeypox has been neglected for years.
Read more »
Global biodiversity deal to halt nature loss stalls in NairobiEfforts to draft an ambitious global agreement on halting nature loss ended Sunday with little progress made in the Nairobi negotiations, leaving limited time for brokering a biodiversity pact this year.
Read more »
Great Reset: Germany Pushes ‘Climate Club’ Global Tax Scheme at G7Germany is aiming to found a global “climate club” taxation scheme designed to force countries worldwide to adopt a hardcore green agenda.
Read more »