Gregory Klumov, CEO of STASIS shares his key crypto trends for 2021.
Key Trends For Crypto In 2021
“In 2021, the biggest experiment will be a migration of stablecoin settlement to cheaper blockchains to leave Ethereum. There are currently several blockchain solutions competing for this service - such as Algorand, Solana, Polkadot, and some other Ethereum second-layer scaling solutions to address this issue. However, the greatest challenge of 2021 will be the competition between those who can capture some market share from Ethereum to settle those transactions,” he says.
A few years ago, crypto hedge funds were all the rage. As cryptocurrencies rose in value, hundreds of hedge funds specializing in digital assets launched to try and capitalize on investor demand. Some of these funds recorded double-digit gains in 2020 and 2021 as cryptocurrencies surged in value. However, this year, cryptocurrencies have been under Read More
“Another trend of 2021 in this segment would be the differentiation of stablecoin space out of the USD to other currencies. Euro is the obvious second candidate, but other emerging market currencies will try to increase their market share as well,” he adds.
A New DeFi Interfaces Will Pop Up
Mr Klumov says: “DeFi will continue to evolve and shape its product-market feed to serve more and more customers. New interfaces will pop up to facilitate and streamline Decentralised Finance iterations, specifically for institutions. The existing Metamask tool as the #1 DeFi management interface is not good enough for institutions to transact.
“Thus, there will be more institutional-grade solutions to connect to DeFi; more platforms experimenting with Crypto Forex, reputational lending, or more efficient collateral management in the existing overcollateralised loan market,” he concludes.
About Gregory Klumov
Gregory started his career at the age of 15 as an entrepreneur when he founded a high-speed Internet Service Provider, subsequently moving from IT into finance. He brings more than 15 years of experience in alternatives investment management, that helped him to recognize investment potential of digital assets in the early stages of Blockchain revolution.
The STASIS tokenization platform takes traditional assets, such as currency, stocks and bonds, and puts them on the blockchain.