March witnessed a series of bank failures that have had ramifications for institutional crypto trading, putting a damper on what was once considered a bustling market space.

According to the latest insights from the blockchain intelligence platform Chainalysis, concerning North America, the fallout from these bank closures has been far-reaching, impacting the pace and volume of large-scale crypto transactions. 

A Dip In Institutional Crypto Activity

Chainalysis’s recent report highlights the drop in “institutional” cryptocurrency transaction volume – transactions valued at more than $10 million. Starting in April 2023, the volume of these transactions plunged sharply, particularly in the North American region.

Interestingly, this downturn was specific to institutional transactions, as professional and retail trading volumes reportedly “remained constant.”

The report points directly to the banking crisis in March, which led t

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Author: Samuel Edyme

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