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
570
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?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$97 596
BTC
-0.14%
-
Ethereum
$3 355.01
ETH
-1.6%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
-1.85%
-
Dogecoin
$0.426544
DOGE
-1.95%
-
Cardano
$1.03
ADA
-4.2%
-
Stellar XLM
$0.558196
XLM
+13.18%
-
Polkadot
$8.9
DOT
+3.26%
-
Bitcoin Cash
$513.97
BCH
+1.17%
-
Litecoin
$97.68
LTC
-1.43%