As a guest on CNBC’s “Closing Bell”, Cowen CEO Jeffrey Solomon said there is a significant demand for crypto:
“We’ve been holding events and talking to our customers for over a year. We are seeing this demand”
Solomon stated last October that institutional customers who have not yet kept up with crypto will be more heavily involved in digital assets in the coming years.
Cryptocurrencies are driven by retail traders for now. Leading Wall Street firms have begun testing cryptoassets, but institutional adoption is still in its infancy.
Cowen Digital recently launched its cryptocurrency arm. The new section is expected to provide Cowen’s clients with the ability to trade cryptocurrencies without worrying about custody issues.
Cowen’s crypto division has started trading 16 different cryptocurrencies, including Bitcoin (BTC) and Solana (SOL). The company also plans to support NFTs.
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