Chainalysis Chief Economics: Institutions will soon adapt to cryptocurrency compliance

Philip Gradwell, chief economist at data analysis company Chainalysis, said that this year is an introductory year for institutions to help them become familiar with digital currencies. Bakkt and Fidelity's dedicated digital asset divisions are two key examples. "Now that the infrastructure is in place, we hope that as long as we can adapt to cryptocurrency compliance and market risks, the number of institutions will increase. This will bring net benefits to the market."