• Binance Research conducted a survey with 208 global institutional clients and VIP users to explore their attitudes, preferences, motivations, and adoption toward crypto investments.
• Over 60% of the respondents expressed optimism for the crypto sector over the next 12 months, and 88% indicated positive sentiments when it comes to a decade-long outlook.
• Most institutional investors believe in more real-world use cases and improvements in regulatory clarity, fueling the drive for crypto adoption.
Institutional Crypto Outlook Survey
Binance Research recently conducted a survey from March 31 to May 15 2023 with 208 global institutional clients and VIP users as respondents. The study aimed to explore their attitudes, preferences, motivations, and adoption toward crypto investments.
Positive Crypto Outlook
The surveyees comprised a diverse mix of institutional investors with various levels of experience and assets under management (AUM). When asked about their outlook for cryptos over the next 12 months, 63.5% were optimistic while 88% had positive sentiment when it comes to a decade-long outlook. In terms of allocation, 47.1% of them revealed that they maintained their crypto holdings over time despite market volatility.
Real-World Use Cases & Regulatory Clarity
Most institutional investors showed belief in more real-world use cases for cryptocurrencies as well as improvements in regulatory clarity which could fuel further adoption of cryptos across different industries. Furthermore, 64% reported that they plan on increasing their exposure to cryptocurrencies within the next twelve months while only 8% said they plan on reducing it during this period.
Security & Custody Solutions
In addition, 81% noted that security was one of the main concerns preventing them from allocating more funds into cryptos while 73% highlighted custody solutions as another major challenge facing institutions in this space. Furthermore 57%, viewed storage solutions such as hardware wallets or cold storages as being safest form of storage for digital assets compared to custodial wallets or exchanges (26%).
Overall this study suggested that most institutional investors are becoming increasingly bullish on cryptocurrencies due to advancements in technology infrastructure as well as regulatory clarity which will pave way for greater mainstream adoption within the industry going forward