How High Is The Crypto Fear? New Survey Shows That 72% Of Institutional Traders Are Skeptical Of Digital Assets In 2023

How High Is The Crypto Fear? New Survey Shows That 72% Of Institutional Traders Are Skeptical Of Digital Assets In 2023
фото показано с : zycrypto.com

2023-2-6 23:26

A new survey carried out by JPMorgan reveals that nearly three-quarters of institutional traders will not mingle with digital assets this year.  Only 14% of survey participants showed keen interest in continuing or beginning trading in cryptocurrencies this year. The view that blockchain technology is the catalyst to reshape finance is also in decline compared to last year, with only 12% opting for DLT over AI.

The widespread fear over the digital asset market is still present, even with recent gains recorded by several projects in recent weeks. 

Banking giant JPMorgan released the seventh edition of JPMorgan’s E-Trading Edit, which comprises views obtained by surveying 835 traders from multiple global locations on macroeconomic factors, technical developments, and strategies that would shape trading in 2023. 

This year’s survey shows a sharp decline in institutional traders’ interest to continue trading cryptocurrencies. 72% of the participants hinted that they have “no plans to trade digital coins” in 2023, while only 14% said they would continue trading or venture into trading for the first time this year. 

The last 14% stated that they have no plans of investing this year but may do so subsequently as they continue to monitor the current market situation. The survey further showed that 92% of participants had no exposure to the digital asset market at the start of the year, with only 8% actively trading in cryptocurrencies.

Last year, research carried out by Coinbase showed that 62% of participants who were institutional investors had delved into the digital asset market. This shows that the market turmoil of the previous year has affected investors’ confidence making them sceptical about virtual currencies. 

Participants cite macroeconomic factors

The survey participants cited several factors, including volatile markets as the biggest challenge to day trading and macroeconomic factors like inflation and hike in interest rates. 30% of participants stated that recession would be the biggest macroeconomic factor in 2023. 

Since the survey comes in a few months after the implosion of FTX in a year riddled with increased digital asset fraud and a bearish market, a generally reduced enthusiasm was anticipated among institutional investors.

Finally, the survey also shows a declining view concerning blockchain technology as the instrumental catalyst to reshape financial trading. 12% of participants picked blockchain over artificial intelligence (AI) compared to over 50% who pitched their tents with AI. In 2022, both blockchain and AI got 25% of the votes in the survey.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

institutional traders assets survey digital new nearly

Источник: zycrypto.com

institutional traders → Результатов: 126


Фото:

Voyager Cryptoassets Broker Joins Forces with Ethos for Fiat-to-Crypto Exchange

Voyager, a DLT-based digital currency broker, offering users commission-free investments, has partnered with Ethos, a cryptocurrency services provider, to integrate the latter’s universal cryptoassets wallet into its platform and make it easy for both retail and institutional cryptocurrency traders to convert fiat currency to cryptos back and forth.

2018-9-29 23:00


Фото:

Coinbase Want To Attract More Than Just Institutional Investment

Coinbase have been accused of only wanting to attract institutional investors, however their latest move is one that has been designed entirely for low level and inexperienced investors. Coinbase Bundle is a new platform that is being launched by the popular US exchange in order to make it easier for new investors to invest in cryptocurrency.

2018-9-28 21:30


SFOX Adds Support for Litecoin Giving Institutional Investors the Chance to Diversify

A cryptocurrency dealer, aiming to provide trading services for high-volume traders and institutional investors, has today announced it is adding support for Litecoin. Founded in 2014, Silicon Valley-based SFOX has established itself as a crypto dealer for large-scale investors including family offices, funds, and high-net-worth individuals.

2018-9-27 19:45


CryptoTrading Technologies Unveils Voyager Institutional For Investors to Rival Coinbase and Circle

CryptoTrading Unveils Voyager Institutional As Glenn Barber Is Appointed As Chief Investment Officer CryptoTrading Technologies, LLC launched a new institutional service, Voyager Institutional, this Thursday to enhance traders’ interest towards crypto exposure on over the counter (OTC) trading markets.

2018-9-15 06:18


Фото:

AirBnB Co-Founder Backs $22.7M Investment in ‘Full Service’ Institutional Crypto Platform

Another platform aiming to facilitate institutional investments into the cryptocurrency market is underway, as SFOX successfully closes $22. 7 million Series A funding round. Luring In Big Money SFOX – a cryptocurrency prime dealer for institutional investors and high-volume traders announced in a press release that it has managed to close $22.

2018-8-21 19:00


Фото:

Bitwise Files With SEC for Cryptocurrency ETF

Bitwise Asset Management is the latest venture to apply for a cryptocurrency exchange-traded fund (ETF). Called the Bitwise HOLD 10 Cryptocurrency Index Fund, the ETF will track the returns of the company’s HOLD 10 Index, a “market-cap-weighted index of the 10 largest cryptocurrencies” that captures roughly 80 percent of the total cryptocurrency market capitalization.

2018-7-25 02:18


Фото:

Institutional Investors Brought in 56% of Capital at This Bitcoin (BTC) and Crypto Management Fund

The term ‘buying the dip’ has been floating around the crypto-verse ever since Bitcoin (BTC) showed signs of reaching the $5,800 levels late in May this year. As many inexperienced traders were panicking, the true veterans kept emphasizing that rather than cashing out, anyone with extra capital should be investing in Bitcoin (BTC) and the other […] The post Institutional Investors Brought in 56% of Capital at This Bitcoin (BTC) and Crypto Management Fund appeared first on Ethereum World News.

2018-7-19 17:08


Фото:

Bitfinex Join Forces with Market Synergy to the Hoorah of Professional Cryptocurrency Traders

In a bid to offer state-of-the-art, robust, and high-performance connectivity for its institutional clients, on July 11, 2018, Bitfinex announced a strategic alliance with Market Synergy, a highly reputable Swiss-based company whose primary objective is providing security and standard fail-proof connectivity for digital asset firms, banks, brokers and hedge funds alike.

2018-7-13 19:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin price: Here’s why QCP Capital expects BTC run to $74k

Bitcoin surges past $66k after US CPI data triggers buyside pressure Here’s why QCP Capital analysts say BTC could run to $74k Bitcoin price surged past the $66,000 mark on Thursday to hit highs last seen in April amid a fresh dose of bullish sentiment.

Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket

Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket. Ethereum co-founder Vitalik Buterin also backed the Series B round. The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.

dYdX founder Antonio Juliano steps down as CEO

Juliano steps down as dYdX CEO, Crnkovic-Rubsamen takes over. The transition marks Juliano’s move to Chairman and President roles. dYdX experiences surge in activity amid market rebound. In a significant leadership transition within the crypto space, Antonio Juliano, the founder and long-time CEO of dYdX, has announced his decision to step down from his role.