The crypto market is about to change, and I'm not talking about the latest price fluctuations. I'm talking about the big players in the space.
Institutional crypto exchanges are starting to launch, and they're not messing around. These exchanges are backed by major investors like Fidelity, Schwab, and Citadel, and they're only offering a handful of cryptocurrencies.
Why is this important? Because it means that the crypto market is about to become more regulated. These institutional investors won't touch anything that's not compliant with SEC regulations, and that means that the cryptocurrencies that they support are the ones that are most likely to survive.
So, what does this mean for you? It means that you need to start thinking about which cryptocurrencies are the safest bets. The four that are currently supported by EDX Markets are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). These are the cryptocurrencies that are most likely to be compliant with SEC regulations, and they're also the ones that have the most institutional support.
I'm not saying that you should sell all of your other cryptocurrencies. But I am saying that you should start thinking about whether or not they're worth holding onto. Personally, I will not invest in BCH or LTC because I do not believe in their fundamentals. BTC and ETH seem safer bets to me.
The crypto market is about to change, and I think that it's going to be a good change for business, although it might be a threat to decentralization. These institutional investors are bringing a lot of legitimacy to the space, and that's going to attract more investors and more businesses.
So, if you're a crypto investor, then you need to start paying attention to these institutional exchanges. They're the ones that are going to shape the future of the crypto market.
Disclaimer: The information provided in this post is for informational purposes only and should not be considered financial or investment advice.
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