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2018-09-07 17:00:00

Cryptocurrencies to Remain 'Thinly Traded' Without Institutional Support, Veteran Wall Street Analyst Says

Stephen Innes, a Wall Street analyst with over 25 years of experience, recently said the "intense, intense scrutiny" of fraudulent activities in the cryptocurrency market and lack of proper "regulatory oversight" has kept institutional investors on the sidelines. He also said retail investors, who currently make up the majority of crypto market participants, are waiting for added support before they invest further in digital currencies. Innes added that cryptos will remain "thinly traded" until there is more stability in the industry.