Institutional investors reveal top crypto market 'growth driver'

Some of the world’s biggest institutional crypto investors have revealed what they believe are the most significant ‘growth drivers’ in the global crypto industry and you might be surprised.

In a survey conducted by Binance Research, the investors were asked to rank eight potential growth drivers for the crypto market.

The number-one ranked growth driver was “change in global and local regulations”.

“In general, regulation, both local and global, seems to be the key factor that is widely monitored by the sampled market participants,” the research report states.

ETF market development was ranked the second most powerful growth driver. Somewhat surprising is the low-rank of cryptocurrency initiatives by companies such as Facebook and Samsung.

The top-eight growth drivers identified by institutional investors are as follows:

1. Change in global and local regulations.

2. ETF’s.

3. Traditional brokerages offering crypto service (e-trade, Fidelity)

4. Development of options contracts.

5. Physically settled futures contracts (Bakkt).

6. Stablecoin by Facebook.

7. Samsung initiatives (crypto-wallet phones).

8. Stablecoin by JPMorgan.

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Source: Institutional investors reveal top crypto market ‘growth driver’ | Micky