A recent survey conducted by the Acuiti management intelligence platform, has revealed that senior trading executives believe that giant companies in the business would be interested in taking advantage of the recent crypto market crash.

According to the Adoption of Digital Asset Trading report, about 100 venues capable of trading cryptocurrencies have launched for institutional clients. The survey reveals massive adoption of digital assets among sell-side services providers than traditional trading firms. They both had 26% and 17% respectively. Nonetheless, the researchers clarified that the adoption rates are limited to the CME or Bakkt.

All the crypto exchanges that were included in the study realized that there was a growing interest in Bitcoin derivatives. About 57% of these exchanges have traded Bitcoin, whereas 29% traded Ethereum derivatives.

Another interesting finding of the study is that the XRP/USD trading pair was ranked 5th in the ranking of the preferred crypto pair within institutional firms. Meanwhile the study ranked XRP as being the 8th most popular digital asset. The survey primarily considered 3 major factors for their rankings namely, liquidity, volatility and arbitrage opportunity.

One the biggest challenges facing all the surveyed trading institutions, including those that are yet to trade digital assets like cryptocurrencies, was the security vulnerabilities of exchanges and fears over hacking. Another challenge noted in the report is fear of reputational damage. According to the report, this is the reason many trading institutions are reluctant to offer digital assets among their portfolio.

The survey is optimistic about the future of digital assets adoption. However, it still believes that the adoption rates of these digital assets still remain low. It also noted that 97% of traditional trading companies are considering trading digital assets within the 2 years ahead of us.

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