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News and updates from the world’s leading cryptocurrency exchange
Jun 21
2019
Binance Research, Trading Desk Uncover Institutional Insights on Crypto in First-Ever Poll

According to a wide-reaching poll conducted on institutional crypto users, nearly all participants use stablecoins, while most expect Bitcoin to remain dominant and are skeptical of Facebook, Samsung, or JP Morgan’s crypto forays.

Binance Research, the market research and analysis arm of Binance, in association with Binance Trading, discusses the results of their first-ever joint quarterly poll on the views and characteristics of institutional and VIP clients that use the cryptocurrency services offered within the Binance ecosystem.

According to survey results revealed in the report titled “Institutional Market Insights - Q2 2019,” long-term investing is one of the most popular strategies for large and institutional clients. Despite this, lending and borrowing platforms are not yet widely used, with non-custodial decentralized platforms being barely explored.

On the other hand, decentralized exchanges (DEXs) have been experimented by most participants, yet are not widely used owing to their lower liquidity compared with centralized exchanges (CEXs) and steeper learning curve.

“From the perspective of large market players, Bitcoin is expected to maintain its dominance by the end of 2019, with its market cap expected to represent 40% to 60% of the industry total cap,” according to the report from Binance Research.

The report also found that stablecoins are used by nearly all market participants, with Tether (USDT) being the “go-to stablecoin”. Amidst the recent turmoil regarding Tether, many investors have been exploring alternative offerings, particularly USDC and PAX.

Regulation, both local and global, seems to be the key indicator that investors look for, as it was ranked both the largest risk and key growth driver for the future of the cryptocurrency and digital asset industry. Furthermore, new product offerings (such as brokerage services and the creation of new derivatives markets) also are expected to be key drivers of the future growth for this industry.

Finally, cryptoasset initiatives by companies like Facebook, Samsung or JP Morgan are not seen as future growth drivers for this industry.

Read the full report here.


About Binance Research

Binance Research provides professional, data-driven insights and analysis for investors in the crypto space to increase the level of transparency and improve the quality of information within the current crypto ecosystem. The team consists of professionals with a background and experiences in blockchain engineering, investment banking, strategy consulting, academic research and data science. For more information, visit: https://research.binance.com/

About Binance Trading

Binance Trading combines general best practices in OTC trading with the finest of what Binance has to offer. Leveraging Binance’s access to one of the deepest liquidity pools in the market, Binance Trading constantly keeps in touch with traders who can provide extremely competitive pricing and liquidity, not only in Bitcoin but also in a wide variety of altcoins. For more information, visit https://www.binance.com/en/blog/337068226927206400/OTC-Basics-by-Binance-Trading- or send an email to tradedesk1@binance.com.