Institutional investment is impacting the crypto ecosystem by spurring improved infrastructure, increased focus on regulation, and other industry enhancements. Cryptocurrencies are still far from being huge markets, but Bitcoin and Ether are now large and liquid enough that institutional investors can access them in relevant size.

 

This timely white paper explores how the economic activity on Bitcoin has shifted over the last four years as the number of retail transactions has declined – and larger institutional trading activity has grown.

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