UAE institutional investors plan to increase exposure to cryptocurrencies, survey reveals
Institutional investors and wealth managers in the UAE plan to increase their exposure to cryptocurrency assets between now and 2023, according to a new survey.
Ten institutional investors, or half of those surveyed, said they plan to dramatically increase their exposure to cryptocurrency assets between now and 2023 and a further 10 said they will add the asset class to their portfolio, according to a survey by London-based Nickel Digital Asset Management.
“Despite the recent correction in the crypto market, our survey confirms there is an ever-increasing appetite for this asset class among professional investors, willing to take [a] constructive longer-term view,” Anatoly Crachilov, chief executive and founding partner of Nickel Digital, said.
“We are glad to see increasing adoption of digital assets by many family offices based in [the] UAE, as well as across the Middle East.”
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