Thread by @APompliano

People are always talking about institutions coming into the crypto market.

Here are a few data points that seem to prove it is happening 👇🏼

There is a recent report out from LMAX Digital, who only serves institutional clients.

The company saw 10x increase in volumes last year and now are one of largest bitcoin spot exchanges.

All institutions.

The report from LMAX and Arcane Research says that asset managers and banks will account for the majority of trading volumes over the next three years.

They call out that new infrastructure must be built to handle these clients.

According to institutions, the most important factor for them entering the market is 100% uptime (reliability of technology).

Crypto traders know too well that exchange failures is frustrating.

Next most important factor is depth of liquidity.

What do you think institutions say is the biggest issue in the crypto market for them?

Access to banking.

Pretty wild to see that being the number one concern.

What is even more wild is that almost 50% of all institutions reported using the standard wallet that is provided to them by the exchange they use to trade. 🤯

That seems like an insane thing that only happens when institutions are new to the game.

Many people have talked about institutional adoption of crypto, but now the data proves it.

I've worked with the LMAX team for awhile & have learned so much. Their experience in legacy markets helps them tremendously.

You can find the full report here: bit.ly/3g0gntW