Crypto Investors Desire More Disclosures, Says Broadridge Report
A recent report from financial consultancy firm Broadridge reveals that crypto investors are seeking more disclosures similar to those found in traditional financial investments. The survey, which included 2,000 market participants from the US, UK, and Canada, found that a majority of respondents want more information about the digital assets they invest in. The key points from the report are:
- Investors desire regular risk and security updates, information about other asset holders, financial overviews, and governance details
- Quarterly or monthly disclosures are preferred by investors
- Disclosures similar to those provided by public companies are ranked higher than crypto-specific information like tokenomics
- 65% of participants view crypto assets as a long-term investment, while over 40% are interested in frequent trading
- Bitcoin is the most popular investment, held by over 70% of respondents
The report highlights that increased disclosures are a focus for the US Securities and Exchange Commission, which believes that most digital assets are securities. However, the importance of “Crypto Twitter” as an information source was found to be limited, with only 26.3% of respondents citing social media as a source of information for their crypto investments. Overall, the report emphasizes that traditional financial concepts, such as financial overviews and management, hold more weight for investors than tokenomics and a crypto asset’s underlying network.
Hot Take: The demand for more disclosures in the crypto industry shows a growing need for transparency and accountability. As investors seek to make informed decisions, providing regular updates and financial information will be crucial for building trust in the market.
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