Binance: What crypto outlook for next year?

Despite a tough market, Binance’s institutional clients are showing unwavering optimism. More than 80% say they are confident for the next decade while the platform is currently facing many difficulties.

A positive poll and bright prospects for crypto?

In a survey conducted between March and May this year, Binance institutional clients say they are optimistic about the crypto’s prospects. Led by Binance Research and the Binance VIP and Institutional team, the study finds that out of 208 respondents, more than 50% of clients said they had less than 25 million assets under management (AUM).

And about 22.6% say they have an AUM of more than $100 million. While the crypto sector is far from its ATH, Binance’s institutional clients are not bending and continue to promote cryptos. Indeed, 63.5% of customers declare themselves positive to crypto outlook for the next year.

But that’s not all, according to the report, 88% of respondents say they are confident for the next decade. The proof, almost half of the clients have kept their crypto allocations while only 4.3% say they want to reduce the crypto allocation during the year.

Heartwarming News for Binance Amid Regulatory Restrictions

The result of this survey should be comforting for Binance as the exchange is at the heart of a crisis in Europe and the United States. Indeed, the largest cryptocurrency exchange is the subject of numerous investigations which, if conclusive, could upset the entire ecosystem.

The fact that its institutional clients want to continue their operations and bet on cryptos is a boon for Binance which accumulates bad news. According to the survey, almost a third of clients have increased their assets under management over the past year.

It should be noted, however, that with regard to areas of investment interest, the majority of investors have a preference for infrastructure. These are closely followed by Layer 1 and Layer 2 projects.