Another week we saw $35,000 just to fall back to support levels and trade sideways. This morning though, we see green candles again, and the rest of the market follows suit.
Institutions like Morgan Stanley continue to be bullish on digital assets. The financial institution has bought over 28,000 shares in the Grayscale Bitcoin ETF, and Softbank's Vision fund invested $200 million in a Brazilian crypto-exchange.
As a retail investor, you’re more likely better off simply buying Bitcoin directly from an exchange and keeping it in your wallet*. However, financial institutions often have rigorous risk management and compliance procedures that prevent them from taking custody of digital assets.
ETFs, exchange-traded funds, enable institutions to gain exposure to cryptocurrencies without managing private keys or transactions themselves. Therefore, ETFs are another great sign of increasing mass adoption.
We've listed new exciting tokens on our platform to all traders who want to get their Bitcoin or other cryptos first-hand.
Yield farming continues to be a hot topic. However, to earn the most yield, traders have to spend a lot of time monitoring and moving their assets across protocols. Autofarm network facilitates this process, allowing traders to earn high profits while automating the process. The native platform token AUTO is trading with BTC and USDT pairs.
BakerySwap is a decentralized exchange powered by an automated market maker. When trading on BakerySwap, traders don’t place orders in a centralized orderbook but interact directly with the smart contract. The BAKE token is used to reward liquidity providers on the food-themed DEX. BAKE can be bought and sold with USDT and BTC.