Institutional Investors Still Healing from Last Year's Shock
Bitget CEO Gracy Chen recently visited the US and Europe to engage with Wall Street traders and institutional clients. Her interactions led her to conclude that institutional investors are still recovering from last year's shock.
Chen noted that recent headlines over the past month have highlighted struggling exchanges, a sobering reminder of the unforgiving nature of downturns in the crypto market.
The Bitget CEO emphasized that the biggest challenge facing institutions today is their sentiment and allocation towards cryptocurrency rather than outright exits. She argued that institutions are evolving within the crypto ecosystem, which will influence adoption, central exchange (CEX) and decentralized exchange (DEX) dynamics, and fundraising prospects.