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Coinbase Sees More Institutional Investors Buying Bitcoin in H1

Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In a report, the exchange says it observed a “noticeable uptick in institutional business’s growth” in the first half of the year. According to Coinbase, the “greater visibility of reputable investors warming up to digital assets” is also helping to fuel growing “confidence among this community.” In May, a hedge fund, Tudor Investment Corporation, disclosed it had taken positions in bitcoin.…

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