America’s Oldest Bank Says 70% of Institutional Clients Will Invest in Crypto If This One Thing Happens
Source: AdobeStock / JHVEPhoto BNY Mellon, America’s oldest bank and one of the more crypto-friendly institutions, has said that 70% of institutional investors will increase their digital asset activity when more custody services are available. In a recent research report titled "Institutional Investing 2.0," BNY Mellon revealed that 70% of institutional investors surveyed would “increase their digital asset activity if services like custody and execution are available from recognized, trusted institutions.” The report noted that institutional investors are looking for ways to get into the crypto market in a safe and compliant manner, rather than just jumping in immediately with hopes of high returns. Furthermore, the banking giant revealed that around 90% of institutional investors are moving forward with their crypto plans despite the market downturn. "The study further indicates that almost all institutional investors (9...