Institutional Crypto Trading Hits Record High as Wall Street Takes Control

Institutional trading of cryptocurrencies has reached a record high of 72% as Wall Street's influence on the market has grown.

The data, released by CoinDesk, indicates that institutional investors are increasingly participating in the crypto market. This trend is attributed to the growing adoption and acceptance of digital assets among mainstream financial institutions.

CoinDesk notes that this shift is also driven by Wall Street's efforts to calm the wild price swings associated with cryptocurrencies.