2018-6-22 07:13 |
Regulation
Rumor has it vaunted, long awaited institutional money, big investment in crypto is coming.
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Investment Whales Want Custody Assurance
“There are a lot of investors where custodianship was the final barrier.
This will unlock a big wave of capital,” hedge fund Multicoin Capital’s Kyle Samani told Olga Kharif and Sonali Basak by phone.
Coinbase estimates $20 billion worth of crypto is sidelined until custody solutions make sense.
Regulated crypto custody would allow more institutional buyers — such as hedge funds and pensions — to invest in Bitcoin, Ether and a multitude of other coins.
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