The crypto industry this week cleared a massive hurdle for attracting big investors after BNY Mellon said it’s officially holding crypto assets in its custody for institutions. If the current market and regulatory environment weren’t so bad, a wave of new investors might now be flooding into the crypto market. Still, when things improve, the oldest bank in America will be there to facilitate all that new activity — and perhaps even a new bull run. Custody, the business of holding clients’ securities for safekeeping, is probably one of the least sexy topics in the wild world of crypto, but it’s been a sticking point for institutional investors wanting even a little bit of exposure to it. “Some of those institutions are deciding whether to move forward and put money in digital assets and having some brand names that have been providing custody for 225-plus years will give many of them the reassurance that it’s a safe space to enter,” said Adam Sporn, head of prime brokerage and U.S....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...