Institutions using Coinbase to buy $400 million worth crypto per week

Institutions using Coinbase to buy $400 million worth crypto per week

By CryptoArgha | Crypto Argha | 16 Aug 2019

World's well known fiat to crypto exchange coinbase Ceo said Instution buyers are depositing fiat funds to buy $200 to $400 million worth bitcoin and other crypto currency every week

New york based bitcoin exchange coinbase also added many institutions users shown interest in cryptocurrency and choose their platform to buy assets in cryptocurrency

After the 2017 bull run institutions buyer were very much interested and shared their interest on crypto after seeing the surged price of bitcoin.

After the First Etf From Switzerland institutions buyers started to buy cryptocurrency in 2018

Now, after getting approval from security exchange Commission (sec) institutions are fully in crypto and that's giving a mass adoption to this field

Although bitcoin Etf are not yet finalled or legally approved still many institutions are buying bitcoin after seeing the 2019 bull run this year

Coinbase now became world's top crypto custodian with having $7 Billion dollar worth of crypto asset in custody and became of the top 7 platform for institutions users to buy bitcoin and other assets after binance and xapo

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