The market for institutional-grade trading services for digital assets may be maturing
October 17, 2020, 11:30AM EDT
1 min read
We may be seeing the beginning stages of maturation in the market for institutional-grade services for trading digital assets, evidenced by consolidation in the sector as well as its first later-stage deals, according to a new report from The Block Research.
According to the report, there are now 40 companies that provide digital asset trading services for institutional clients. Since 2014, such firms have raised $583.5 million in total, from 66 investment deals. A total of 108 unique investors made at least one investment in a crypto/blockchain firm that fits this profile.
2020 saw $251.4 million invested across venture deals. This year also showed the first signs of later-stage deals happening, with $52.2M invested in late-stage startups, providing evidence of the maturing market.
To read more about the state of institutional trading services for digital assets, subscribe to The Block Research.
Recently Huobi Wallet has made waves around the industry for launching HClaimer, a new feature that enables users to collect their staking rewards from multiple DeFi projects through just one easy click.
Brazil-based BTG Pactual, Latin America’s biggest investment bank, is launching its own crypto asset platform that will initially support bitcoin and ether trading. The platform will be called Mynt and allow customers to purchase bitcoin and ether, BTG Pactual’s Head of Digital Assets André Portilho tells The Block. Eventually, the platform will support other digital […]