Crystal Intelligence CEO Navin Gupta said ETFs could bring more institutional trust and crypto-friendly regulation.
Navin Gupta, the newly appointed CEO of Crystal Intelligence, expects the blockchain intelligence firm’s growth to continue throughout 2024.
In an interview with Cointelegraph, Gupta said that he expects the company’s growth to further accelerate as the non-regulated part of the crypto industry shrinks, thanks to the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States, which led to an increase in the number of firms applying for operating licenses, according to Gupta. He said:
Crystal Intelligence offers blockchain analysis and investigative and compliance solutions to institutions and regulators. The firm’s global customer base doubled during 2023, with Crystal’s product now monitoring over 50,000 organizations, according to a press release shared with Cointelegraph. The company was founded by Bitfury in 2017.
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Source: https://cointelegraph.com/news/bitcoin-etfs-institutional-adoption-crystal-ceo-navin-gupta