Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption

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Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption
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.BernsteinBuzz says the collapse of FTX_Official has led to a greater focus on using regulated custodians, and the custody revenue opportunity could grow to $8 billion by 2033. Report by willcanny99.

has led to a greater focus on using regulated custodians, and the custody revenue opportunity could grow to $8 billion by 2033 from less than $0.3 billion today, Bernstein said in a research report on Tuesday.

Post-FTX, Bernstein expects a jump in “crypto custody penetration” with existing investors, and a sharp growth in custody services in the medium-term driven by increased institutional participation in digital asset markets.

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