Genesis Trading Sees Establishment 'Land Grab' for Crypto

"Just as crypto mainstays like Coinbase rolled out new offerings, Q2 also heralded the arrival of an establishment armada which appears now to be docked on the shores of this asset class," it wrote."The truth is in the statistics about volumes, volatility, margins, price trends, and the breadth of participation," it wrote in the report."When viewed with an elongated perspective, Q2 2023 appears, therefore, to be affirmative in most respects.

Specifically, the firm pointed to a"far more significant amount of activity than might have been expected" as bitcoin mostly traded range-bound between $27,000 and $30,000.Genesis, however, noted the tough legal challenges brought in the past few months, which saw the Securities and Exchange Commission suing both

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