Institutions Push Forward with Crypto Adoption Despite Market Slump

Despite Bitcoin’s recent plunge below $100,000, institutions are increasingly embracing digital assets for their operations. A wave of recent developments demonstrates this growing trend. For example, a major US trading platform and chartered bank has opened crypto trading specifically for institutional clients. Similarly, the Singapore Exchange is expanding its offerings by enabling perpetual futures trading in cryptocurrencies. 2 These moves come amid policy changes that allow some firms to offer crypto exchange-traded products (ETPs), further increasing access to these financial instruments.