While the crypto market is affected by the bearish trend, VC Fred Wilson insists that now it is a good time to purchase digital assets.
The report says that a growing number of institutional players from the global financial space are moving towards investing in Bitcoin and the overall cryptocurrency market.
Five prominent universities have invested tens of millions of dollars in cryptocurrency funds through their respective endowments.
While many traders grumble over the lack of developed tools for crypto investing, and taxation comes as a real headache, CoinTracking platform set to address most pressing issues crypto investors face.
A growing number of banks have started to understand the power fo digital assets in moving money across the borders in a fast, cheap, and transparent manner.
The Bloomberg report notes that institutional investors have already started chipping in the crypto market through OTC trades.
U.S. multinational bank Citigroup is going to enable investors to work on cryptocurrency markets without actually having to own cryptos.
Along with Coinbase there were eight participants in this $8.2 million seed-funding round.
By offering advanced products for institutional investors, Coinbase tries to satisfy their growing demands in the crypto sphere.