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Appetite for Crypto Amongst Institutional Buyers in Hong Kong is Low: New Report – DomeDIGITA

September 2, 2022
Source: domedigita.com domedigita.com
News Snapshot:
The months-long headwinds in the cryptocurrency ecosystem are beginning to fuel disinterest amongst institutional investors in Hong Kong. According to a report from the South China Morning Post (SCMP), riding on an earlier report from Bitstamp which surveyed 253 Hong Kong institutional investors, as many as 9% said they will reduce their exposure to the nascent asset class or stop investing in it altogether. This figure is significant because it is far above the 3% who held a similar view in the previous quarter. “It is true that retail investors and the institutions who serve them are less active in...
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