Hello and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Bitcoin is currently priced at 9,211, a slight fall on the day so far.
As speculation mounts regarding the arrival of institutional investors in the crypto space, the CEO of Sequant Capital, George Zarya told Express.co.uk that, “crypto as an asset class is becoming too big to ignore.
He said: “It’s where the future of finance is and that’s a very exciting thing to be a part of. Crypto is an extremely vibrant industry and where a lot of the fast-growing tech ‘unicorns’ will be appearing, which naturally encourages investors to get involved.
“Early investors are also realising that some opportunities may be lost as the sector becomes more and more competitive – so they’re getting in now.”
When asked on the current gulf between the world of professional investors and the crypto space Mr Zarya warns that the gap is widening.
He said: “The popularity of crypto is mainly being driven by the retail industry. Professional investors want a better service than many platforms currently offer. With regulation now a priority for the sector and institutional demand outpacing the supply of professional services (like Sequant Capital) the gulf is widening.”
Updates below throughout the day….