The report explores the changing attitudes towards digital assets amongst both retail consumers and institutions alike.
Report on Digital Assets & More
Crypto.com has collaborated with Economist Impact, the think tank of the media outlet, The Economist, to release an annual crypto report. The report explores various aspects of the expanding cryptoverse like Central Bank Digital Currencies (CBDCs), adoption of digital assets, and the growth of the Metaverse, among others. Few of these aspects have been surveyed, as highlighted below:
65% of executives believe that CBDCs could replace physical currency in their country; this metric stood at 56% last year.
41% of institutional & corporate investors think that regulations are the largest obstacle to mass adoption of digital assets, compared to 32% last year.
74% of executives consider Non-Fungible Tokens (NFTs) to be an emerging asset class that their organization would plan to hold/trade now or in the future.
Nearly 87% of the respondents feel a need for an institutional-only digital assets exchange platform akin to the Bank of International Settlements (BIS) for traditional assets.
What is The Economist:
The Economist is a British weekly newspaper and magazine published both digitally and in print. The publication was founded in 1843 and focuses mainly on current affairs, international business, economics, finance, politics, technology, and culture. The newspaper has a global reach across continents and is owned by the Economist Group.
Find more about The Economist here:
What is Crypto.com:
Crypto.com is a Singapore-based cryptocurrency exchange. Currently, their app has 10 million users and 4,000 employees. Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo founded the company “Monaco” in 2016. Following the purchase of a domain owned by cryptography researcher and professor Matt Blaze, the company was renamed Crypto.com in 2018. The domain was valued at between $5 and $10 million by domain sellers.
Foris DAX Asia, a Singapore-based subsidiary of Foris DAX MT (Malta) Limited, operates Crypto.com. Crypto.com has notable sponsorship agreements with Formula One, Serie A, the UFC, Paris Saint-Germain Football Club, the Philadelphia 76ers, the Montreal Canadiens, and Water.org.
Water.org‘s collaboration included signing its co-founder, actor Matt Damon, as Crypto.com‘s brand ambassador. The vision of Crypto.com is to accelerate the world’s transition to cryptocurrency by putting cryptocurrency in every wallet.
Find more about Crypto.com here:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.