“In terms of the volume increase in ETH this week, it was actually led by institutions, and that’s a significant part of our exchange business,” said Bitstamp USA CEO Bobby Zagotta on CoinDesk TV’s “First Mover” program Friday. There was “about 56% increase in volume from institutions versus, I think, [a] 35% increase in volume from retail users.”
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Institutions Are Still ‘Wait-And-See’ With Ethereum
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