Institutional investors still eye crypto – Bitstamp data shows

Institutional investors continue to show interest in the crypto sector, even despite the negative effects caused by the FTX debacle, data from the crypto exchange Bitstamp shows, with institutional registrations increasing by 57% in November. Other traditional finance capital allocators also seem to view the situation as an opportunity to enter.

According to crypto exchange Bitstamp, the number of institutional registrations within the digital asset trading platform increased by 57% in November compared to October, when the FTX exchange collapsed. Bitstamp also told Cointelegraph that total revenue increased 45% over the same period, with institutional revenue up 34% and retail revenue up 72%.

The crypto exchange also noted that compared to October, active global retail users also increased 43% in November, with US-based users up 18%, which suggests that more crypto investors were actively trading.

Further, blockchain analyst Willy Woo noticed on Twitter the issue of traditional financial investors looking to space. Woo also argued that while the FTX collapse appears to be pushing back the industry, traditional financial capital allocators “see Bitcoin and crypto is here to stay and it’s now been de-risked.”

Also, financial giant Goldman Sachs said on Dec. 6 it plans to spend “tens of millions of dollars” to buy or invest in crypto firms whose valuations declined after the collapse of crypto exchange FTX, Reuters reported. “We do see some really interesting opportunities, priced much more sensibly,” said the bank’s executive Mathew McDermott. He also noted that while FTX became a prominent example within the industry, the underlying technology behind the space still continues to perform.

Meantime, SEBA Bank aims to speed up institutional adoption through a partnership with HashKey Group. The firm announced on Dec. 5 that it will be working with HashKey to accelerate digital asset adoption within institutions in Hong Kong and Switzerland.

On Nov. 4, Fidelity Digital Assets released a survey that showed the institutions are still accumulating crypto in 2022. Earlier, the head of research at Fidelity Digital Assets, Chris Kuiper, noted in an interview that there is an increase in institutions holding crypto, while 78% of respondents are planning to enter the space in the future.