Coinbase exec: A second wave of institutional crypto investment has begun

A second wave of institutional investment in cryptocurrency has begun, according to Brett Tejpaul, head of institutional at Coinbase. In an interview with CoinDesk, he said institutional investors are no longer investing in crypto simply to bet on price appreciation but are looking for stable, additional sources of revenue. This shift is leading to the creation of new products, Tejpaul noted, citing Coinbase's collaboration with Apex Group last week to launch a share token for a Bitcoin operating fund. He emphasized that institutions are now exploring the benefits crypto can bring to their portfolios and businesses, rather than just asking how to buy it. This change is likely to attract more institutional capital in the future, he added.