According to a survey conducted by the Institutional Investor Custom Research Lab commissioned by Coinbase, despite the crypto market downturn this year, institutional investment in digital currencies continues to grow.
The survey involved 140 representatives of US-based financial firms and funds. Of these, 62% of respondents who already own cryptocurrencies said they increased their investment in such instruments this year.
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Only 12% of the institutions surveyed have admitted to reducing their presence in the digital asset market to minimize the risks caused by the market crash.
58% of respondents plan to increase investments in cryptocurrencies over the next three years.
A survey conducted by Fidelity Digital Assets last month showed similar results.