Binance: 92% of Institutional Investors Prefer to Keep Crypto on Exchanges.
The survey, which was part of Binance’s Institutional Market Insights research, asked 76 most significant VIP & institutional investors who had been using the cryptocurrency exchange services about their trading habits.
As stated in the survey, 92% of the survey respondents preferred to keep their crypto coins and tokens on cryptocurrency exchanges. It’s said: “Exchanges remain as the most popular choice for cryptoasset storage among our institutional & VIP clients at 92.1%.”
The 2nd most preferable storage is cold wallet, & third-party custody services were chosen by 2.6% of participants.
The survey also discloses that most frequently used investment strategies were high-frequency prop trading, technical analysis & market-making. Moreover, 54% of survey participants said that they kept their crypto portfolio between 1 to 10 crypto coins.
The survey also revealed that USD Tether kept being the most broadly used stablecoin (40%), and as the crypto users noted for the reasons of greater liquidity as well as higher market cap.
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