In the midst of this altcoin winter, corporate crypto firms like Coinbase, Circle, and Robinhood are outperforming all the leading tokens. Even Bitcoin is performing worse than companies that routinely purchase it.

A few factors, like supply and demand, improving macro sentiment after today’s US-China trade deal, and institutional preference for BTC, are powering this trend.

Corporate Firms Outpace the Altcoin Market

Many crypto investors have been waiting for an altcoin season, but it just isn’t coming. There are currently several competing explanations for this extended doldrum, yet none of them is completely convincing.

Meanwhile, corporate crypto firms like Coinbase are reaching an all-time high, and some analysts wonder if this market is replacing altcoins altogether:

This notion might seem discouraging, but convincing pieces of evidence from many industry sectors support the claim. There are only a few corporate crypto stocks to invest in, paired up against countless altcoins.

Further, institutional investors have much more capitalization and liquidity than retailers. These supply and demand issues funnel capital into a few stock