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Institutional Crypto Adoption – What’s Keeping It From Exploding?

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The mass adoption of digital assets would benefit a lot from the institutional adoption of cryptos, but this is something that hasn’t exploded just yet.

What’s keeping big investors from hopping into the crypto space?

It’s been just revealed that there’s new research by a leading digital asset management firm that has identified the top reasons why blue-chip investors have held back from investing in the crypto markets.

A recent survey that’s been conducted by Nickel Digital Asset Management polled 100 institutional investors and professional wealth managers across the US, Europe, and the United Arab Emirates who collectively manage nearly $110 billion worth of assets.

As the online publication the Daily Hodl notes, the survey found that the top four reasons the investors have yet to dive into crypto assets are security concerns, price volatility, market cap, and the current regulatory environment.

“79% cited asset security as one of the top three reasons for not investing in cryptocurrencies and digital assets. This was followed by 67% who said price volatility, 56% who cited market cap, and 49% who said the regulatory environment.”

According to the results, another 12% said that the high amount of carbon footprints emitted from digital assets is one of their top three reasons.

Institutional investors and the crypto space

Henry Howell, head of business at Nickel Digital, stated the following:

“Our research shows that institutional investors have correctly identified custody and security as a critical differentiator to this unique asset class.”

The mass adoption of the digital assets has been one of the main goals that the crypto industry has set and there have been a lot of moves taking place which are leading the crypto space to the right path.

Earlier today, we revealed that there’s another move that’s being made by PayPal which supports this important goal.

PayPal is reportedly planning to launch its own stablecoin. This move comes as a part of its strategy to take advantage of crypto adoption.

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