Binance, which is the largest cryptocurrency exchange in the world by market capitalization, has said that its institutional clients were confident about the future of crypto, according to an online survey conducted between March 2023 and May 2023.

Binance Research and Binance VIP & Institutional Team surveyed 208 clients between March 31 and May 15, 2018. The study, conducted by Binance Research and Binance VIP & Institutional team, surveyed 208 of their clients from March 31 to May 15.

According to the report, 63.5% said that they were optimistic about the future of crypto in the coming year. 88% also said that they were optimistic for the decade ahead.

The survey found that respondents kept their crypto allocations despite the negative events of the last year. Over the last year, 47% of institutional investors maintained their crypto allocations and over a third increased it. Only 4.3% of institutional investors said they expected to reduce their allocation to crypto over the next twelve months.

Binance’s client survey showed that institutional clients were positive despite the regulatory crackdown by the U.S. Securities and Exchange Commission against Binance and Coinbase earlier this month and a continuing bear market since last year.

Read more: Kraken’s Head of OTC Options Trading – Investors Still Show Interest In Crypto and Staking

Investors ranked infrastructure as the top investment area, followed by layer one and layer two projects at 48% and 40%, respectively.


Web3 infrastructure is a hot investment since the start of this year, following the FTX collapse last year. Infrastructure is a broad term that can include anything from on-chain wallets to inter-blockchain gateways.

What are VCs funding after FTX? Decentralized Infrastructure

Recently, LayerZero Labs raised an additional $120 million as part of a Series B round, at a valuation $3 billion. tripled its valuation since its $135 millions funding round in March 2022.

According to the survey, the NFTs, Metaverse, and Gaming sectors are the least important for institutional investors.

Since then, the hype has dwindled due to a continued bear market that saw lower NFT trading volume and a stagnant growth for metaverse. The hype has since waned due to a continued bear market, which saw a lower trading volumes for NFTs and a static growth of metaverse.

Apple’s latest mixed reality headset has brought some but short-lived hope back to the metaverse industry.

Apple’s new headset could change the way we design the Metaverse

UPDATE (30 June, 9:25 UTC). Added link to the report in the first paragraph.

Aoyon A. Ashraf is the editor.