Institutional Clients Drive Shift Towards Traditional Assets on Crypto Exchanges

Gracy Chen, CEO of Bitget, is transforming her cryptocurrency exchange into a platform that offers trading in stocks, commodities, and cryptocurrencies. She believes institutional clients want to trade these assets together, use equities as collateral, and keep their assets on one platform.

According to CoinMarketCap, Bitget is the sixth-largest exchange by trading volume. Chen attributes the decline of retail interest in cryptocurrency trading to a lack of innovation in this space.

The shift towards institutional clients is driven by their desire for greater flexibility and convenience in managing their assets. This trend marks a significant milestone in the evolution of the cryptocurrency market, which has traditionally been associated with retail traders.