Perhaps a good on-ramp and I hope it turns out to be true. However, if there was such a high demand by high net worth individuals, why didn’t the trade volume or price increase? Could someone with that kind of money, who knows about crypto and what crypto they want, not figure out how to get it on their own? I feel like I’m missing some information.
The average accredited investor has little motivation to take on the risk that many of us early adopters take. While there are a few qualified accredited investors jumping on *insert your exchange* the most won’t. These people are financially sound and have a career path already that is taking them to their riches (compared to most crypto traders who see crypto as their path). Accredited investors often already have funds in investment accounts with certain levels of customer service and protections and will only diversify to similar mods.
*An accredited investor, in the context of a natural person, includes anyone who either earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR, has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence) -
This aint some Mom and Pop retail shop... These guys are legit!
It just means they are like other hedge funds and by working only with accredited investors they basically don’t have to follow as many guidelines and can be more aggressive in their investment strategy.
Edit:still good for us.