Genesis Trading experts have called the danger of bitcoin institutionalization
They noticed that the demand for BTC from retail investors had fallen in the third quarter
05.11.2021 - 09:00
507
1 min
0
.
What's new? Genesis Trading, an over-the-counter trading platform, has published a report on the third quarter of 2021. The company's analysts expressed their opinion about bitcoin in it.
What conclusions did the experts come to? The Genesis Trading experts concluded that retail investors' demand for BTC had fallen in the third quarter. It has become more difficult for them to profit because of the unbalanced market, they added.
At the same time, institutional investors began to show an active interest in BTC futures ETFs. Experts warn that further institutionalization of the first cryptocurrency will make it less attractive to retail traders.
What else did the analysts note? Experts also noticed that institutional investors are increasingly attracted to the DeFi area. To meet this demand, Genesis has launched a number of new types of options on some cryptocurrencies, as well as the DYDX token.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024