Wealthy Asian investors are ready for crypto, but are crypto exchanges ready for them?
Wealthy families in Asia are becoming more active about cryptocurrencies. Reuters previously reported that family offices across this region are steadily raising their investments in digital assets, and some Chinese firms even seek to allocate as much as 5 percent of their portfolios to crypto. That’s a pretty big jump compared to just a few years ago, when tiny “testing of the waters” was the norm.
This surge appears to be fuelled by a mix of bullish sentiment and regulatory milestones. Bitcoin has reached a new all-time high of $124K in August, which was inspiring enough for some people. But more importantly, in the U.S., the newly signed GENIUS Act has become a major step forward in providing legal clarity for digital…
