JPMorgan: Institutional Investors Are Not Interested in Cryptocurrencies
According to a study conducted by JPMorgan, 601 of the 835 institutional traders (72%) surveyed by the bank do not plan to invest in digital assets.
According to the bank, the sample included 835 institutions from 60 different countries that participated in the survey between January 3 and 23.
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Only 6% of respondents said they intend to start trading digital assets this year, whereas 14% plan to do so within five years. Meanwhile, 8% of respondents already trade cryptocurrencies.
According to the survey, 12% of institutional traders believe blockchain technology will shape the future of trading.
Binance has previously reported that 88% of its users plan to continue investing in digital assets.