In a recent interview with InsideBitcoins.com, The Tie Chief Executive Officer Joshua Frank revealed that data manipulation on trading volumes by cryptocurrency exchanges is still rampant. According to Frank, the vice is common among illiquid exchanges that aim to attract new customers.
Lack of data and institutional investors
During the interview, Frank also explained The Tie’s role in helping regulatory firms in establishing laws for the cryptocurrency sector. He notes that they help regulators monitor significant market-moving events such as partnerships and global regulatory rulings.
The chief executive officer also delved into the impact of inadequate data on attracting institutional investors to the cryptocurrency sector. According to Frank;
"The lack of quality and diversified data has certainly played a role in slow institutional adoption, but we see the data market maturing significantly over the next few years. We look forward to playing a leading role in that maturity."
According to Frank, institutional investors are looking for market data and blockchain data, which are fundamental. He acknowledges that despite this data being important, there are still gaps in needs by institutional investors.
On the upcoming Bitcoin halving, Frank addressed the possibilities that might come out after the highly anticipated event.
Frank holds the view that the halving might not solve the volatility associated with digital assets. He further ruled out any possibility of the halving leading to the mass adoption of cryptocurrencies.
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