New Binance Report Shows that Only 7% Of Crypto Is Owned By Institutions

A recent Binance report is in the altcoin news on our website, showing that less than a tenth of the global cryptocurrency market is owned by institutional investors. Initially published by Binance Research, the report alleges that less than 7 percent of all cryptocurrencies are bought and owned by institutional investors.

The anticipation of an influx of institutional capital in the cryptocurrency sphere is a long topic of discussion and a possible catalyst for upward price movements. The report which was carried out by the market analysis branch of the world’s largest cryptocurrency exchange by volume revealed that there is a lot of room for growth for institutional investments in cryptocurrency than most would think.

The ownership of institutional capital has been a topic in the latest cryptocurrency news and posted by many best cryptocurrency news sites. However, the Binance report proves that the amount of institutional cash in crypto is only one-third of the amount in traditional stock markets.

How do you know when a market has bottomed out?@BinanceResearch shares its in-depth observations from investigating cryptoasset cycles.https://t.co/8lL9QlJhON

— Binance (@binance) April 13, 2019

Another excerpt from the report shows the following:

“High correlation suggests that market sentiment has already found a local maximum during that period, and a trend reversal may possibly ensue. Having emerged from a period of the highest internal correlations in crypto history, the data may support the notion that the cryptomarket has already bottomed out.”

The Binance report also reveals major insights into behaviours of many participants and indicators in the crypto asset market – as well as how different they are from the characteristics seen in other major markets around the world.

Since high correlation among crypto asses can be summed up with the “if you can’t beat them – join them” mentality, excess returns denominated in USD would become harder to capture, showing that it may become easier for market participants to ride the market waves, the report notes.

Binance and the latest altcoin news are making most of the topics on our website this Monday.