United States is the country of choice for institutional crypto trading service providers

In a survey of institutional cryptocurrency trading service providers, The Block Research team has found that a majority of them, approximately 61%, are based in the United States. Other popular regions include Hong Kong, Singapore, and Switzerland for institutional-focused cryptocurrency trading firms.

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Furthermore, according to The Block Research's John Dantoni, "about 75% of the firms that offer institutional trading services were formed" in 2017 or later.