Hedge funds, registered investment advisers and some companies step up their stakes in cryptocurrencies as the market becomes more mainstream
A group of about 6,000 crypto investors known as CityDAO bought 40 acres of land in Wyoming. WSJ’s Paul Vigna explains how this decentralized autonomous organization, or DAO, came to own this land. Photo illustration: Josephine Chuat record rates. Institutional clients traded $1.14 trillion worth of cryptocurrencies on exchange Coinbase Global Inc . in 2021, up from just $120 billion the year before, and more than twice the $535 billion for retail.
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