The FTX effect on the market has been huge, but not strong enough to discourage institutional investors.
The negative effects caused by the FTX debacle have placed the crypto space in an unfavorable light. However, institutional investors continue to show interest in the industry, even at the height of the FTX controversy.
According to crypto exchange Bitstamp, institutional registrations within its digital asset trading platform were up 57% in November — when the topic of the FTX collapse frequented news headlines — compared with October. The exchange also told Cointelegraph that its total revenue was up 45% in the same period, with revenue coming from institutions up by 34% and from retail traders up by 72%.
The exchange also highlighted that active global retail users in November also increased by 43% compared with October, with United States-based users up by 18%. This suggests that even with FTX being a hot topic in the space, more crypto investors were actively trading on the exchange.on the issue of traditional finance investors eyeing the space.
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