April 26, 2024

Major US Universities Invest in Crypto Assets

Major US Universities Invest in Crypto Assets

Several large foundations of US universities - Harvard, Yale, Brown and Michigan,buy cryptocurrencies directly through exchanges.

«If we talk about pensions, donations andhedge funds, this community has taken an open stance on the digital currency space and wants to see if they can deploy capital in a legal and efficient way»- commented Grayscale CEO Michael Sonnenshein.

The largest US exchange Coinbase and other platforms were used to buy cryptoassets.

The Coinbase team, with more than 43 million users and accelerating growth in late 2020, commented on the expansion of their customer base:

«Despite the fact that it is unusualAs the 2020 macroeconomic environment accelerated cryptocurrency adoption, what's important is that many of this year's investors - funds, corporations and other long-term investors - intend to hold Bitcoin as part of their core portfolio for the long term under varying market conditions.

Family offices and foundations are expected to enter the crypto space more and more in 2021:

«I think we'll hear about more companies, especially tech companies, that understand the technology and are willing to work with it»- said the CEO of ARK Investment Management Katie Wood.

After Bitcoin (BTC) has doubled in price in less than a month and peaked at $ 42,000, its price is now hovering at $ 32,000.

According to Wood, Bitcoin's success is driven by "higher bond yields that many simply did not expect" and "the best hedging tool against inflation."

At the same time, she is confident that “we will have to go through ups and downs, and this year the market will go through a huge correction”.

Where is it more profitable to buy cryptocurrency?

For the safe and convenient purchase of cryptocurrencies, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support the deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

The most reliable sites with the highest turnoverfunds, for several years the largest cryptocurrency exchange in the world has been Binance. The Binance platform is the most popular crypto-exchange in the CIS as well, since it has the maximum trading volumes and supports transfers in rubles from Visa / MasterCard bank cards and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

# Cryptocurrency exchange Official site Site evaluation
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.5
3 Exmo https://exmo.me 6.9
4 Yobit https://yobit.net 6.3
5 OKEx https://okex.com 6.1

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Major US Universities Invest in Crypto Assets

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