© Reuters
Aside from liquidity, what do institutions bring to crypto? What precisely is their value? This is an instructive question to ponder because there is little consensus on what deeper institutional participation means for an industry that is riven with contradictions.
The long-running wait for ETF approval — giving pensions and funds exposure to BTC — may well prove to be a positive catalyst for industry growth. But, in focusing on price action, observers are missing out on the real benefit of broadscale institutional adoption. The greatest benefit of deepening institutional adoption may be the regulatory certainty it ushers in.
Tax and compliance
Seeking regulatory clarity
Signs of institutional adoption
Gracy Chen is the managing director of the crypto derivatives exchange Bitget, where she oversees market expansion, business strategy, and corporate development. Before joining Bitget, she held executive positions at the Fortune 500 unicorn company Accumulus and venture-backed VR startups XRSPACE and ReigVR. She was also an early investor in BitKeep, Asia’s leading decentralized wallet. She was honored in 2015 as a Global Shaper by the World Economic Forum. She graduated from the National University of Singapore and is currently pursuing an MBA degree at the Massachusetts Institute of Technology.
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