Binance’s Institutional Clients Remain Optimistic on Crypto Amid Tough Market

for the next year and beyond, according to a survey it conducted between March and May 2023.

The study, conducted by Binance Research and Binance VIP & Institutional team, surveyed 208 of their clients from March 31 to May 15. More than half the respondents, 52%, had crypto assets under management of less than $25 million and 22.6% had AUM larger than $100 million. 63.5% of respondents said they are positive on the outlook of crypto for the next year and 88% said they are optimistic for the next decade, according to the report.

The survey also found that despite negative market events in the past year, respondents maintained their crypto allocations. 47% of institutional investors kept their crypto allocations over the past year and more than a third increased their allocation. Just 4.3% said they expect to reduce allocation to crypto in the next 12 months.against Binance and Coinbase from the U.S. Securities and Exchange Commission earlier this month and a continued bear market that started last year.

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