Binance Survey Says 88% Of Institutional Users Have a Positive Outlook For Crypto Assets

Scott Matherson

1 year ago

2 mins read

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Institutional investors are paying more attention to cryptocurrencies and digital assets. According to a recent survey report by Binance Research and Binance VIP & Institutional, 88% of institutional users have a long-term, optimistic outlook on crypto for the next decade.

The crypto market is known for its high volatility, but the majority of big-money players see crypto as an important part of their portfolio for years to come.

Institutional Interest In Crypto Assets Is Growing

The Institutional Crypto Outlook Survey, which surveyed 208 Binance VIP and Institutional users from 31st March to 15th May 2023, found out that a growing number of institutional crypto investors are in it for the long haul. According to the survey, 63.5% of these users had a positive outlook on digital assets over the next 12 months, while 88% are more positive over the next decade.

Of the respondents, 50% expect to increase their crypto asset exposure over the next five years. Only 4.3% said they plan to decrease exposure. That signals a lot of confidence and optimism about the future growth and mainstream adoption of cryptocurrencies.

Bitcoin remains Most Popular Crypto Asset Among Institutions

Bitcoin remains the most popular choice among institutional investors, with a larger proportion of respondents more positive about Bitcoin as compared to the broader crypto sector. This is not surprising given that Bitcoin is the largest crypto by market cap and the most established. Bitcoin is seen as the “digital gold” of the crypto world and a store of value and hedge against inflation.

BTC crosses $31,000 as institutional interest grows | Source: BTCUSD on TradingView.com

42.8% of investors are more interested in the potential for large investment returns. However, 37.5% are more motivated by the long-term exposure to the technology behind digital assets, with 48.1% and 43.8% of respondents investing in Layer 1 and Layer 2 technologies respectively.

Institutional Trade Still Mostly Done On Centralized Exchanges

Centralized exchanges remain the most popular platform for institutional trading. While many crypto investors advocate for decentralized exchanges on the rise, centralized exchanges like Binance offer a one-stop shop for institutional traders to easily buy, sell and convert a wide range of cryptocurrencies. The survey found that 90.5% of institutional investors would rather trade on centralized exchanges.

While some institutional investors remain skeptical about cryptocurrency, it’s clear that mainstream interest in this asset class is building steadily. If institutional adoption continues to rise, it’s likely to drive broader mainstream acceptance of cryptocurrencies in financial institutions like banks.

Featured image from Unsplash, chart from TradingView.com

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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