Institutional investors are orchestrating a delicate
balancing act in the crypto sphere, allocating 45% of their assets to
stablecoins, 35% to Bitcoin, and 15% to Ether, according to Bybit’s latest
report. Interestingly, client segment nearly doubled their Bitcoin holdings
within the first three quarters of 2023.
Bitcoin’s dominance surged amid the crypto rally in
October, fueled in part by institutional traders nearly doubling their Bitcoin
holdings. Conversely, Ether witnessed declining interest from institutional
investors throughout 2023.
The anticipation of BlackRock’s spot Ether ETF
application could reignite excitement, while Solana’s remarkable tenfold growth
since 2022’s low poses a competitive challenge for Ether. A significant upgrade
could potentially rekindle institutional interest in Ether, Bybit noted.
Retail traders have adopted a cautious approach to
crypto by holding more stablecoins, reflecting a conservative stance towards
riskier assets. Notably, altcoins form a minor part of both retail and VIP
traders’ portfolios, hinting at a cautious outlook influenced by the recent
market turbulence.
Bybit’s journey of growth extends beyond user
numbers. The platform has acquired licenses in prominent regions like the UAE,
Kazakhstan, and Cyprus to boost its risk management strategies and to enhance compliance
with regulations. Recently, Bybit introduced TradeGPT, an AI-powered
educational tool leverages real-time market data, trading analytics, and
technical analysis tools.
TradeGPT serves as a mentor, offering personalized
guidance and multilingual support to assist users in understanding market
trends and formulating effective strategies.
Bybit’s Focus on AI and
Global Expansion
Bybit’s foray into AI-driven tools aligns with a
broader trend in the cryptocurrency realm. The integration of AI, witnessed
across platforms like Crypto.com and Binance, underscores the synergy between
artificial intelligence and the evolving needs of the crypto community. AI’s
data processing capabilities complement the industry’s demand for real-time
insights.
Bybit’s Institutional platform enjoys a commendable
position among the top three choices for professional traders eyeing cryptocurrency futures contracts. Notably, it has secured a prominent place in
total BTC futures open interest, affirming its standing as a go-to destination
for traders seeking lucrative opportunities in the BTC futures market.
Bybit’s strategic global expansion include
establishing its global headquarters in Dubai and acquiring pertinent licenses,
aligning with regulatory frameworks in the UAE, Kazakhstan, and Cyprus.
However, in response to evolving regulatory norms in Canada’s crypto sector,
Bybit opted to withdraw its operations from the Canadian market, marking a
strategic shift in its global operational footprint.
Institutional investors are orchestrating a delicate
balancing act in the crypto sphere, allocating 45% of their assets to
stablecoins, 35% to Bitcoin, and 15% to Ether, according to Bybit’s latest
report. Interestingly, client segment nearly doubled their Bitcoin holdings
within the first three quarters of 2023.
Bitcoin’s dominance surged amid the crypto rally in
October, fueled in part by institutional traders nearly doubling their Bitcoin
holdings. Conversely, Ether witnessed declining interest from institutional
investors throughout 2023.
The anticipation of BlackRock’s spot Ether ETF
application could reignite excitement, while Solana’s remarkable tenfold growth
since 2022’s low poses a competitive challenge for Ether. A significant upgrade
could potentially rekindle institutional interest in Ether, Bybit noted.
Retail traders have adopted a cautious approach to
crypto by holding more stablecoins, reflecting a conservative stance towards
riskier assets. Notably, altcoins form a minor part of both retail and VIP
traders’ portfolios, hinting at a cautious outlook influenced by the recent
market turbulence.
Bybit’s journey of growth extends beyond user
numbers. The platform has acquired licenses in prominent regions like the UAE,
Kazakhstan, and Cyprus to boost its risk management strategies and to enhance compliance
with regulations. Recently, Bybit introduced TradeGPT, an AI-powered
educational tool leverages real-time market data, trading analytics, and
technical analysis tools.
TradeGPT serves as a mentor, offering personalized
guidance and multilingual support to assist users in understanding market
trends and formulating effective strategies.
Bybit’s Focus on AI and
Global Expansion
Bybit’s foray into AI-driven tools aligns with a
broader trend in the cryptocurrency realm. The integration of AI, witnessed
across platforms like Crypto.com and Binance, underscores the synergy between
artificial intelligence and the evolving needs of the crypto community. AI’s
data processing capabilities complement the industry’s demand for real-time
insights.
Bybit’s Institutional platform enjoys a commendable
position among the top three choices for professional traders eyeing cryptocurrency futures contracts. Notably, it has secured a prominent place in
total BTC futures open interest, affirming its standing as a go-to destination
for traders seeking lucrative opportunities in the BTC futures market.
Bybit’s strategic global expansion include
establishing its global headquarters in Dubai and acquiring pertinent licenses,
aligning with regulatory frameworks in the UAE, Kazakhstan, and Cyprus.
However, in response to evolving regulatory norms in Canada’s crypto sector,
Bybit opted to withdraw its operations from the Canadian market, marking a
strategic shift in its global operational footprint.
