That doesn’t necessarily mean the launch of FDAS, or other soon-to-open institutional markets like New York Stock Exchange parent ICE Group’s futures platform Bakkt, will immediately resuscitate crypto prices from their year-long funk. But they are laying important groundwork for the industry’s long-term growth.
“What will really make an impact is the next bull run, when these institutional tools are available,” said Daniel Cawrey, chief executive officer of Pactum Capital, an over-the-counter (OTC) trading firm.