As part of a study of cryptocurrency trading infrastructure the WFE surveyed its member exchanges, with 12 of the 29 respondents saying are already offering crypto-related products or services. A further seven plan to offer them in the future. More than a third said they had no such plans, according to the survey.
The WFE also found that there is generally greater retail demand for crypto products than institutional demand. There is also disparity in the types of products requested, with retail investors more interested in non-fungible tokens and stablecoins, while institutional investors are more likely to demand security tokens and custody services.
Only around a quarter of the respondents said they expect crypto assets to become mainstream within the next five years. The survey was carried out between May and July 2022, several months before the dramatic collapse of crypto exchange FTX, which sent and heightened existing concerns around cryptocurrency with regard to opaque business practices and lack of regulatory clarity.
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Source: CoinDesk - 🏆 291. / 63 Read more »