RATE Group | More traditional investors are eyeing cryptocurrency to diversify their portfolios
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More traditional investors are eyeing cryptocurrency to diversify their portfolios

30 Nov More traditional investors are eyeing cryptocurrency to diversify their portfolios

Posted at 08:15h in Cryptocurrency News by

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Cryptocurrencies are not known for their stability as an investment, yet growing numbers of institutional investors are diversifying their portfolios with digital assets, according to a survey by Fidelity Investments.

The survey found 47% of institutional investors saw cryptocurrencies as suitable to add to their investment portfolios, and the same percentage of respondents appreciated the innovation behind the digital assets.

Institutional investors are using funds to invest in cryptocurrency and “get exposure without [risk], as it is a cash settlement so you don’t have any custody risk, nor do you have any [money laundering risk with] tainted coins. These are issues you have all the time otherwise,” said Jan Brzezek, founder and CEO of Crypto Finance AG.

Crypto Finance is a crypto asset management, brokerage and storage platform that aims to mitigate the risk involved in investing in various cryptocurrencies. Despite the volatility of cryptocurrencies such as bitcoin, a…

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