Nairobi, April 27 -- The cryptocurrency market has witnessed a surge in institutional adoption, legitimizing the space and bringing credibility to blockchain technology. Increased market liquidity and depth are driven by the inflow of institutional money into the crypto market, particularly bitcoin, the go-to cryptocurrency for institutional traders due to its established infrastructure and recognition by traditional finance. Bitcoin price has experienced some surge since the approval of its ETF in the U.S.

The entry of institutional crypto traders encourages regulatory evolution to accommodate the crypto space, the development of innovative financial products like decentralized finance (DeFi) protocols built on smart contracts, and the ...