Despite the volatility the crypto market experienced in 2021, the year turned out to be a net positive for almost every aspect of the crypto industry. The year saw several major developments that accelerated the adoption and success of the broader crypto market and others that served as headwinds that slowed down the market’s growth and forced its participants to take their losses and rebound.
However, none of these events seem to have slowed down the rate of institutional adoption. According to Kraken Intelligence’s 2021 Crypto-in-Review report, last year will unequivocally go down as the biggest year for cryptocurrencies in terms of adoption from institutions.
“Not only did multiple financial institutions and corporations gain exposure to the asset class, but capital inflows from new and existing crypto-focused investment vehicles took off,” the company said in the report.
AUMs grow as more large institutions greenlight crypto efforts
As the market capitalization of the cry
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