Money managers won’t trade digital assets soon, say crypto experts

Few institutional market participants willing to take on reputational risk associated with crypto trading

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Cryptocurrency traders are likely to largely remain retail for foreseeable future, practioners say

Reputational risks associated with digital assets will deter widespread trading by market participants managing client funds in the near future, according to a range of cryptocurrency specialists.

For those that “manage somebody else’s money, there’s almost no chance they’re trading cryptos and there’s almost no chance they will be trading any time soon. And the reason is not necessarily structural … There’s almost nobody that wants to take that reputational risk,” said Kevin Beardsley, head of

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