Nexo and Amber Group executives claim 'exponential' growth in crypto institutional investment

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What awaits institutional blockchain investors in Africa? Executives from Nexo and ambergroup_io give their insights moderated virtually by Cointelegraph's Editor-in-Chief Kristina Lucrezia Cornèr at Blockchain Africa Conference 2022.

, which increased its valuation three-fold to $3 billion after a big investment from Singaporean Temasek Holdings.

Kavvathas expressed that"we can do more" than just adding crypto as one more asset class for large liquidity provision institutions. He added that even though participation is increasing, it is"nowhere close to being meaningful" yet. Metodiev also highlighted the importance of the African market and the"number of potential users that is growing on a daily basis" due to the"extremely" quick adoption of blockchain technology on the continent.

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