"A lot of folks on the institutional side are on-boarding, and getting their ducks in the row."
Month over month, Circle says, it had a 30 percent increase in new institutional clients and was doing 15 times more transaction volume per day from a year ago. Meanwhile, the price of bitcoin fell roughly 20 percent in May.
Goldman Sachs-backed Circle sees boom in crypto demand from institutional investors, despite bear market
Circle, one of the best-funded blockchain start-ups, saw a 30 percent uptick in institutional investors on-boarding to its "Circle Trade" platform in May and is making its trading platform fully automated to accommodate demand.
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