There are lots of sentiments, emotions, and narratives that surround digital currencies. Just like any other business, cryptocurrencies has its highs and lows but every investor wants to hear that their assets will yield tremendous interest.
2018 proved to be an amazing year for cryptocurrency investors and the highpoint happened to be the rise of the Bitcoin to a record 20,000 dollars. Although the party didn’t last long and bitcoin crashed losing over 80% of its value in the process, there were lessons to be learned.
2019 promises to be an interesting year for Crypto investors with lots of institutional crypto companies set to launch.
The Top 5 Institutional Crypto Companies Launching In 2019 Include
One of the world’s largest brokerages, Fidelity Investment is set to launch their crypto trading services and this is much to the delight of investors. The implication of this is that the market may soon be met with a fresh influx of institutional capital.
Fidelity Investors were motivated to launch their crypto trading investments after a survey they conducted revealed that institutional investors are highly interested in the nascent markets. The pointers suggest that the launch of their new service will initially be aimed only at institutional investors who will invest through fidelity’s new digital asset trading service tagged “Fidelity Digital Asset”.
This feature that puts the Boston-Brokerage in the vanguard of the competition will not be open to individual investors at the time of its launch. When the news broke about Fidelity’s Digital Asset, a survey revealed that 50% of the interviewed institutional investment groups like families, hedge funds, foundations and more considered it worthy of an investment.
CoinDesk reveals LGO markets, a ground breaking crypto exchange for institutional investors has recently launched. There is a lot to be excited about as users can proceed to set up accounts and transfer funds alongside a spot for trading bitcoins.
The LGO markets’ CEO Hugo Reneuadin revealed that the services of 10 institutional clients have already been secured. These include over the counter trading desks as well as hedge funds with over 56 at the onboarding stage. LGO’s biggest feature is that they are opting an uncommon centralized and decentralized approach that makes it easy to transact.
According to their white paper, the decentralized feature is used to ensure verifiability aswell as sharding to enhance the protection of sensitive data.
The famous Japanese cryptocurrency exchange Coincheck has launched one of 2019’s biggest inventions in terms of over-the-counter (OTC) cryptocurrency. The Asian powerhouse has revealed that this crypto trading service is aimed at larger clients.
Although the primary trade sphere of Coincheck looks limited to bitcoin only, the firm has assured that it will consider transacting in several other cryptocurrencies. According to Coincheck, its over-the-counter trading platform will enable customers to buy and sell a minimum of 50 bitcoins at a go at prices that are absolutely attractive.
4. Frick Giant Bank
Big news hit the crypto space on February 22, 2019, when the Liechtenstein based bank Frick announced that they were launching a platform to facilitate the institutional trading of cryptocurrency.
The rumors of institutional currencies becoming a thing in the crypto space gained momentum late 2018 and on that basis, Frick’s proposed launch is being considered as a great move.
According to the officials in the bank, the subsidiary of Frick (DLT) market is set to provide a fully regulated and a highly secured multilateral means of exchanging institutional money for investors.
The intuitional trading platform Bakkt ranks highest in the list of 2019’s most exciting breaks in the crypto sphere. Bakkt was first announced in late 2018 as an intuitional trading platform but there have been lots of issues surrounding its launch. The Intercontinental Exchange (ICE), the brand that owns the much awaited institutional investment company Bakkt has confirmed that the service will launch late 2019 after a handful of delays.
Bakkt was supposed to have launched in late 2018 but the CEO Jeffrey Sprecher has confirmed that they await an approval from the United States Futures Trading Commission (CFTC).
Investors are highly hopeful that the birth of Bakkt will usher in a new era in Crypto investments that allows for a large number of institutional funds.