Binance Research and Binance VIP & Institutional announced the findings of the Institutional Crypto Outlook Survey, which showed that 63.5% of Binance VIP and Institutional users (\u201cInstitutional Users\u201d) surveyed, had a positive outlook on crypto assets over the next 12 months. A vast majority (88%) of respondents expressed a positive sentiment on crypto assets for the next decade.<\/p>\n
The survey also found that Institutional Users believe more real-world use cases (26.9%) and improvements in regulatory clarity (25.3%) would drive adoption, over higher prices (3.4%). It may reflect institutional participation taking a longer-term view and therefore less reactive to short-term market cycles.<\/p>\n
The global survey of 208 Binance VIP and Institutional users ran from 31st March to 15th May 2023, explored the respondents\u2019 demographics as well as their attitudes, preferences, adoption, and motivations towards cryptocurrency investments. Key findings include:<\/p>\n
\u201cInstitutions typically take a long-term horizon when they enter a new market, and our survey indicates that is likewise for crypto assets, considering the positive outlook from respondents and how they express more belief in use cases as adoption drivers over prices. These findings match the healthy rate of institutional account growth on Binance, which has increased 89% since the height of the bull market in Q4 2021. We will dive into the report with our users to apply learnings into our product offerings,\u201d<\/em> said Catherine Chen, Head of Binance VIP and Institutional.<\/p>\n