Institutional Interest and Market Expansion Drive Crypto Brokerage Opportunities

26.06.23 03:49 AM By Stormrake

Institutional investors are increasingly embracing cryptocurrencies, igniting a possible multi-year bull market.

The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking independent financial advice prior to making any personal investments.

One of the founders of Cryptocurrency Brokerage Firm Stormrake, Michael Milmeister, predicts a new era of growth as institutional interest surges. Despite regulatory scrutiny hanging over crypto, Bitcoin prices have displayed remarkable resilience, steadily rising since the lows of the post FTX debacle in November 2022. BlackRock's recent entry into the market further solidifies the significance of Bitcoin as a long-term asset. The world's largest asset manager placing its flag in the ground signifies institutional investors' growing interest in owning Bitcoin for the next five to ten years. This development marks the beginning of a mainstream era of crypto and sets the stage for a multi-year bull market.

Milmeister also anticipates the dominance of bitcoin (BTC.D) over the alt-coins will increase over the next 4 years as we see Bitcoins value at over 60% of all the top 100 cryptocurrencies combined.

CACEIS Bank Granted Crypto Custody License

CACEIS Bank, a prominent asset-servicing group, secured a license to provide crypto custody services, meeting the increasing demand from institutional investors.

CACEIS Bank's banking arm in France, CACEIS Bank, has obtained PSAN (Prestataires de Services sur Actifs Numériques) status from the financial market regulator Autorité des Marchés Financiers (AMF). This milestone positions CACEIS Bank as the sole French custody specialist with the capability to offer digital asset custody services. The license empowers the institution to store users' private keys, ensuring secure storage for digital assets. CACEIS Bank's innovative digital asset custody offer prioritizes reliability, delivering the same level of security as traditional assets. This development lays a robust foundation for the digital assets ecosystem in which CACEIS operates.

CACEIS Bank, backed by banking giants Credit Agricole and Santander, is a leading player in the asset-servicing industry for institutional and corporate clients. With over $2.3 trillion in assets under administration, CACEIS Bank is well-positioned to cater to the needs of investment management companies and institutional investors seeking secure crypto asset custody services.

Major Players Enter the Crypto Space

Renowned financial institutions make a significant foray into the crypto space, signalling sustained long-term institutional interest and opening doors for potential market expansion.

Charles Schwab, Fidelity Digital Assets, and Citadel Securities have recently entered the cryptocurrency market, bringing their substantial influence and expertise. 

BlackRock's application for a spot Bitcoin exchange-traded fund (ETF) in the United States adds further excitement to the crypto market. If approved, a spot Bitcoin ETF would have a profound impact on the market structure and facilitate easier inclusion of Bitcoin in portfolios by financial advisors. The optimistic sentiment is shared by industry leaders like Cathie Wood, CEO and Chief Investment Officer of ARK Invest, who sets a target of $1 million for Bitcoin. Wood emphasises Bitcoin's potential to perform well, even in a deflationary environment, due to its ability to handle counterparty risk associated with traditional finance.

These recent developments in the crypto space demonstrate a promising outlook for Bitcoin's mainstream acceptance and have the potential for positive impacts on the entire crypto market. The participation of established financial institutions highlights sustained long-term institutional interest in cryptocurrencies and solidifies their position as legitimate investment assets.

As the crypto market continues to evolve, individuals and institutions looking to explore the opportunities in this rapidly expanding landscape can turn to Stormrake. With personalised service and expertise Stormrake is the easiest way to invest in the crypto markets, provides the necessary tools and support to navigate this brave new world.

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.


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