Australia poised for ‘inflection point’ of crypto demand: Kraken Aus CEO

📆 4/1/2024 6:29 AM
📰 Cointelegraph

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

Coin Coin Headlines News

The growing adoption of cryptocurrency from institutions, stablecoins, and asset tokenization are all signs that the crypto industry has reached a positive inflection point of demand said Jonathon Miller.

Kraken Australia CEO Jonathan Miller said institutional crypto demand is lagging in Australia but stablecoins and the right policy moves could see it catch up.

“We‘re still seeing quite an increase in adoption here. People are starting to invest again, and there are lots of people building new businesses around crypto as well,” he said. “It’s very hard to take risk and invest in the crypto space in Australia because there’s just that lack of certainty.”

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kraken's institutional platform debuts custody service named Kraken CustodyThe move creates competition for Coinbase, which become the custody platform of choice for institutional investors issuing spot bitcoin ETFs.
Source: TheBlock__ - 🏆 464. / 53 Read more »