Institutional adoption of digital assets hit a milestone this month as daily trading volumes across regulated exchanges averaged $12.4 billion. The integration of spot exchange-traded products has drawn traditional wealth managers into the market, stabilizing bid-ask spreads across top-tier crypto assets.
Market Microstructure Shifts
Slippage on mega-cap trades has decreased by 24% year-over-year, reflecting deeper order-book depth. However, smaller liquid altcoins face declining capital allocation as risk management protocols within institutional desks restrict trading to top-market-cap networks.