.krakenfx's head of OTC options trading juthica says there is still institutional interest in crypto, despite the SECGov’s crackdown on the crypto exchange's staking platform in the U.S. _franvela reports
” close down its staking service to U.S. customers. Shortly after, Kraken’s two registered companies, Payward Ventures, Inc. and Paywayrd Trading Ltd., agreed to settle the $30 million fine issued by the SEC.
The move may stop Kraken’s U.S. based customers from participating in staking services, but according to Chou, staking more broadly is a “really interesting, important crypto native aspect” tied to new and emerging protocols, and one that she says “a lot of our institutional clients have an interest in.”
“We’ll definitely continue to see it around for a while,” she said, adding that there is also renewed interest from investors for bitcoin . Clients, she says, are paying close attention to opportunities that provide “natural leverage” and that “are more yield generating.” That there is an uptick in institutional interest in digital assets was echoed by ETC Group’s Co-CEO Bradley Duke. He told “First Mover” Thursday that there is strongDuke said that in January, bitcoin exchange-traded products saw net inflows of about 11,301 BTC, the second-highest start at the beginning of any year since 2013.Read more:
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