Institutions getting in crypto is not a question anymore, as the CEO of the major cryptocurrency exchange Coinbase said in a tweet. He also revealed that institutions deposit 200-400M per week into crypto.
“Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it’s safe to say we now know the answer. We’re seeing $200-400M a week in new crypto deposits come in from institutional customers. “Brian Armstrong, Coinbase CEO
Crypto Gets More Adoption From Institutions
If what Mr. Armstrong says is true, it would be considered a very bullish indicator for cryptocurrency economy in general.
Coinbase has become a protagonist in crypto economy scene, creating an easy environment for its users as well as other services such as visa cards that enable the user to directly spent from the cryptocurrencies he owns.