Cryptocurrencies
Wall Street’s Crypto March Slowed by Appetite of Large Investors
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The biggest roadblock to Wall Street behemoths rolling out cryptocurrency businesses could come from their own clients, rather than from regulators.
Large institutions currently have little appetite for investing in digital assets, said Nikolay Storonsky, a former Credit Suisse Group AG trader turned fintech entrepreneur. His London-based banking startup, Revolut Ltd., allows retail users to speculate on tokens including Bitcoin and Ether and is now valued at over $1 billion.