“In May, which was a challenging month, we saw a sharp increase of unique new counter-parties,” said Allaire. “A lot of folks on the institutional side are on-boarding, and getting their ducks in the row.”
Circle says that it saw a 30 percent increase in new institutional clients and volume has increased exponentially–15 times more per day compared to a year ago.
Related: Will Cryptocurrency Replace Fiat Money in the Future?
The top three cryptocurrencies based on market capitalization were up in the past 24 hours–Bitcoin up 4.29%, Ethereum up 3.93% and Ripple up 3.76%.
For the latest trends in cryptocurrencies, click here.