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Are institutions in 2021 increasing their appetite for risk in cryptos
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FOMO remains alive and well in the cryptocurrency world, with lesser-known tokens outperforming in recent times. Even compared to industry leaders Bitcoin and Ether. Here’s a recent report to further supplement this paradigm shift.
Cryptocurrency exchange Okcoin published a report to highlight the rising demand for “younger” tokens amongst its customers. Okcoin witnessed a 450% increase in the number of institutional customers on its platform between September 2020 and September 2021. Also, a 124% increase in institutional trading volume within the same period. This remains the reason why the exchange saw its Daily Active Users (DAU) grow by 2,800%.
The number and trading volume of institutions surged significantly in the last year, driven
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