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Jeremy Allaire: interest of institutional investors in crypto-loans increased by 30%

interest-of-institutional-investors-in-crypto-loans-increased Jeremy Allaire | General director and Co-founder of Circle

This week, the cryptocurrency company Circle said that it noticed a significant surge in interest from institutional investors. According to Jeremy Allaire, general director and co-founder of Circle, despite the fact that in May the cryptocurrency markets were declining, last month the company saw a 30% surge in interest from institutional clients.

Since December 16, 2017, the currency and credit markets have fallen by more than 69%, and the last few months of 2018 the reins of government were certainly among the "bears." However, during this period many companies, such as Coinbase, Bitgo, Circle and others, opened the doors for institutional investors. This week, the company has seen an increased demand from institutional investors.

 "In May, which was a challenging month, we saw a sharp increase of unique new counter-parties," explains Allaire during an interview this week. "A lot of folks on the institutional side are on-boarding, and getting their ducks in the row"

Circle says that every month on its platform processes transactions for $ 2 billion. Aller explains that before the arrival of corporate clients, Circle could not carry out extremely large orders from $ 100,000 to $ 1 million in high-frequency mode. However, now Circle Trade can cope with these types of fast swaps. The company also emphasizes that the greatest interest is shown by family investment firms and venture investment companies. Circle notes that these types of customers increased the volume of transactions per day by 15 times compared to last year. Aller believes that the industry is developing well. He declared:

"Major institutional investors don't go through a telephone broker. They go through an electronic interface — We're maturing this into a more traditional product; it's much faster and a more flexible way to trade."

The latest Circle statement follows the company's recent explanation of how it selects digital assets for listing on its trading platforms. In addition, the company published a form for the development teams of crypto-currencies, through which you can apply for listing assets. Circle also outlined its position regarding the future ramifications of blockades, forks and the distribution of tokens (airdrops), which originate from the forex currency forks traded by the company.

"As these events may differ and depend on the circumstances, we plan to assess the situation in each specific case. We are more likely to support these events if they are planned, documented and reported in advance, "Circle notes. "We will notify our decision not less than 5 days later through the" Notices "section on the Exchange home page and via e-mail to users who have funds in the affected asset."

Growth of interest in cryptocurrencies among institutional investors was noted as early as this spring. Then it was reported that almost 70% of the decrease in the price of bitcoin at the beginning of the year was the reason for a new surge in interest in crypto-currency markets by institutional investors. In addition, according to an unofficial study of the strategic company with Wall Street Fundstrat Global Advisors, in April of this year 82% of institutional investors believed that the minimum price of bitcoin was passed.

The increased interest of "whales" was seen both by the cryptocurrency markets and by traditional financial organizations. In May this year, the British financial company LMAX Exchange Group announced the launch of LMAX Digital, the first crypto currency exchange for institutional investors, which will allow the trading of five cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Litetcoin and Ripple. In addition, in the spring of this year, the German bank VPE launched a cryptocurrency platform for institutional investors. 

SOURCE

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