According to CoinShares data, $ 1.4 billion of institutional money has been transferred to Bitcoin-focused investment products in the past few weeks. Gold also saw outflows of $ 9.2 billion in the same time frame. You can examine the similarities between gold and Bitcoin by clicking the link on our blog.
Standard Chartered Bank To Launch Crypto Trading For Institutional Investors
Bank of Standard Chartered met with the top five OTC investors and four exchanges for a new digital asset trading platform tailored to the corporate market. An Ethereum-based system will be created. After the first testing in the next months, it is expected that the ten largest exchanges in the digital space will take place.
Microstrategy Sets $ 400 Million Bitcoin Investment Prospect
Microstrategy has put up for sale interest notes to institutional buyers that expired within five years. He announced that he will invest around $ 400 million more Bitcoin after the sale. With the first Bitcoin investment, it is observed that it has made a profit of over 50% so far.
DeFi Tokens Outperformed Bitcoin
Average DeFi tokens rose 54% at the end of October, outperforming Bitcoin's 39% rally. DeFi tokens using the Ethereum Network have also been affected by the Ethereum 2.0 update. In this process, Ethereum increased by 53%, surpassing Bitcoin.
Grayscale Bitcoin Survey Reaches Key Data
62% of US respondents are very familiar with Bitcoin now, compared to 52% in 2019. According to Grayscale's analysis, six out of ten people now believe digital assets have a place in their portfolio. 63% of investors expressed concern about Bitcoin's legal status.
Spanish Banking Giant BBVA Starts Crypto Trading and Custody Services
It was announced by a source that the Spanish bank will start selling crypto from Switzerland. BBVA has begun integrating the SILO custody platform built by core banking software provider Avaloq and Swiss crypto experts METACO. METACO is also known to work with Standard Chartered based in London on a corporate surveillance solution.
Crypto Bridge Is Established Between Europe and Asia
SBI Holdings, one of the best known exchanges in Switzerland and the Japanese financial giant, announced a joint venture related to cryptocurrency. It will include a wide range of services such as issuing, listing, trading digital assets and cryptocurrencies as well as regulated digital asset securities, CSD infrastructure and custody.
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