Crypto News
| Published On Feb 16, 2022 2:53 am CET  |  Updated on Sep 11, 2023 6:22 am CEST | By Peter Siu

Galaxy Digital Expects Fireworks in Crypto Industry Once Regulatory Concerns Settle

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Speaking at Canaccord Genuity’s Digital Assets Symposium on Tuesday, Galaxy Digital Holdings Ltd.’s co-president and head of global markets, Damien Vanderwilt, said that a “really substantial wave” of capital from large institutions is about to enter the crypto industry.

Vanderwilt said:

“When regulatory issues become more settled, knowledgeable institutional investors will be ready to capitalize.”

He added that while every major traditional financial player has put up a version of a crypto working group, theinstitutional wallet really has not arrived in our sector yet in any meaningful way.

Investors are considering the latest correction in crypto prices as a buying opportunity,” he continued, noting that everything is connected these days with leveraged hedge funds often needing to lessen their exposure to crypto during equity market sell-offs.

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Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.