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Institutional Investors Are Using Back Door For Crypto Buys

by fa-mag.com posted 8months ago 29 views
Institutional investors are becoming more involved in the $220 billion cryptocurrency market than many observers may realize. Buyers such as hedge funds have replaced high-net-worth individuals as the biggest buyers of large swaths of digital coins worth more than $100,000 through private transactions, according to Bobby Cho, global head of trading at Cumberland, the Chicago-based cryptocurrency trading unit of DRW Holdings LLC, which handles the over-the-counter purchases.

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