Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC
Cointelegraph
Published Oct 18, 2020 03:32PM ET
Updated Oct 18, 2020 05:20PM ET
Data from Skew shows Bitcoin’s (BTC) spot volume on LMAX Digital, an exchange that mainly caters to institutions, has overtaken retail-oriented exchanges. This signals that institutional investors could be building up positions as they expect the price to move higher in the future.
Along with spot purchases, institutional investors’ participation in the derivatives market has also increased. Data from Arcane Research shows that a record number of investors are taking delivery of Bitcoin from the Bakkt Bitcoin exchange.
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Written By: Cointelegraph
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