The head of institutional coverage at Coinbase, Brett Tejpaul, says institutional interest in crypto assets has grown more than threefold since he joined the crypto exchange in April of 2020.
In an interview with YouTube channel Heidrick & Struggles, Tejpaul details some of the main growth areas at Coinbase under his tenure. The Coinbase executive emphasizes that institutional interest in the space is multiplying week after week.
“We’ve had an explosion of activity… I joined in April of this year. At that time, our institutional assets under custody were $6 billion. Today, we stand at over $20 billion. So more than a three-time increase…
We’re now measuring the fresh capital coming into crypto principally being allocated to Bitcoin in the billions and so week after week after week we’ve had an explosion of incoming capital.”
Tejpaul explains how the exchange has been preparing for the onslaught of institutional money in its partnerships and philosophy on how to deal