bullish
Crypto: Banking License for Stablecoin Issuers and Better Crypto Trading Volume in Q4
307 Views19 Nov 2021 01:13
SUMMARY
- The proposed bank license for stablecoin issuers will be long-term positive to crypto industry and appealing to institutional investors. This is further step for US consumer protection.
- For crypto wallet providers, they generally experienced weaker Q3 trading activities but expected strong rebound in Q4. Coinbase and Robinhood engagement metrics (MAU) have also reflected the greater interest.
- The overall outlook for the crypto-ecosystem is getting better as more institutions started to see Bitcoin (XBTUSD CURNCY) as more than digital gold and a hedge on fiat inflation.
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Roger Xie
China and US Equity Analyst
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