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Fran is the writer and journalist of CoinDesk TELEVISION. It does not possess any crypto property.
Institutional investors appear to have a steadfast interest in crypto, David Duong, head of institutional research at crypto exchange Coinbase, told CoinDesk TV’s “First Mover” on Monday.
“The secular tendency to institutional adoption has not changed... it is still there», said Duong about the implosion of the crypto exchange FTX founded by Sam Bankman-Fried in the interest of bitter investors.
FTX and Alameda Research, an affiliated hedge fund, collapsed in November after a CoinDesk report revealed that Alameda was largely being propped up by FTT, a digital token that FTX created out of thin air.
Duong has declared also in the middle of the collapse ftx that has come on top of the crypto winter, institutional investors have acknowledged that "these are cyclical developments."
Investors "are always there," and are preparing for the next round by seeking to "lay the groundwork for being able to negotiate," he said.
