A large majority of institutional investors don’t plan to invest in or trade cryptocurrency, according to research by JPMorgan.

  • Of the 3,400 investors surveyed, 78% said it was unlikely their firm will invest in or offer trading services for crypto, Business Insider reported Wednesday.
  • However, 58% of respondents believe that crypto is "here to stay," compared to 21% calling it a "temporary fad."
  • The respondents represented 1,500 different institutions, with 89% saying saying their firm does not currently invest in or trade crypto.
  • Several banking giants have shown growing interest to offering crypto services to clients in recent weeks, with Goldman Sachs announcing Monday the relaunch of its trading desk after a three-year hiatus.
  • Another survey released Wednesday by Blind found that 57% of 1,800 tech professionals surveyed currently own some crypto.
  • Respondents included employees of JPMorgan along with tech giants like Amazon and Twitter.

See also: Goldman Sachs, JPMorgan, UBS Are Trading an ETP Tied to Polkadot’s Crypto

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