Despite market volatility, 36% increase crypto allocations: Binance survey

Despite high volatility in the market, 47.1 per cent of institutional investors have maintained their crypto allocation over the past year and over a third (35.6%) increased their allocation in the same period, according to a survey conducted by Binance Research, the research arm of Binance, a global cryptocurrency exchange.

The cryptocurrency market dropped by nearly $1.4 trillion in 2022 and has been volatile in 2023 following a cascade of bankruptcies and liquidity issues, including the high-profile collapse of crypto exchange FTX.