According to a recent EY-Parthenon survey, a significant 70% of crypto investors now integrate digital assets into their wealth management plans.
This shift indicates a move away from viewing cryptocurrencies merely as speculative investments.
Prashant Kher from EY highlighted that beyond trading, cryptocurrencies are increasingly being used for payments, with a 6% rise in this usage among retail investors over the past two years. Accredited investors have shown an even stronger preference for using crypto in transactions.
The survey also reveals that 64% of retail investors have already invested in digital assets, with 69% intending to increase their investments soon. This interest is fueled by the recent introduction of spot Bitcoin ETFs in the US and similar developments globally.
Furthermore, 63% of accredited investors are keen on investing in tokenized real-world assets (RWAs) by 2027. This growing interest reflects a broader desire for innovative investment opportunities.
The rise in DeFi activities, including a 16% increase in staking and an 11% boost in DeFi platform usage, underscores the expanding role of cryptocurrencies in various financial activities.
A sharp divide is emerging between global banking authorities and crypto industry leaders over the future of digital finance.
Anthony Pompliano has voiced strong opposition to Donald Trump’s recent push to remove Federal Reserve Chair Jerome Powell, warning that such a move could damage the credibility of the U.S. financial system.
As Washington pulls back on its crypto enforcement, Oregon is stepping up.
In a move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.