Ever since the cryptocurrency industry was launched, one of the top achievements it wanted to accomplish was mainstream adoption. Now that the industry has gained tremendous adoption, it is time for the cryptocurrency industry to up its game.
Several firms in the cryptocurrency industry are well aware of the fact that mainstream institutions are now interested to invest in cryptocurrencies. The firms also know very well that the mainstream institutions are unlike any other sector they have ever managed.
The mainstream institution is always after profit, revenue, and growth. The institutions in the mainstream sector are very demanding and know exactly what they want from the technology.
Therefore, the cryptocurrency industry needs to make sure it is able to match the requirements of mainstream institutions. They need to keep making upgrades, introduce new products, and features in the mainstream markets. This would ensure that the mainstream institutions never grow tired of using cryptocurrencies as means of making huge profits.
With the passage of time, the cryptocurrency industry has started demonstrating some stability. However, everyone knows that the cryptocurrency industry can never become a fully stable and trusted entity due to its volatile nature.
The volatility for the crypto-verse comes due to the industry having no physical existence or value. Therefore, mainstream institutions will never be able to fully trust the capabilities and potential of cryptocurrencies.
Therefore, what the firms can do in this matter is to introduce tools and features that are capable of generating reliable trading signals. The firms have to come up with platforms that collect as much data as possible and run an analysis on that data. Once done, the firms have to run the data against the crypto markets and generate trading signals.
Out of millions of scenarios the platforms run, they need to present the mainstream institutions with the top scenarios. The scenarios have to be highly profitable and trustworthy for the platforms.
Fidelity, a major asset manager is well aware of the above and knows how it needs to cater to the needs of its mainstream institutions. Therefore, the firm has recently announced the launch of Sherlock. According to Fidelity, Sherlock is one of the most reliable and detailed crypto-data analytics platforms.
Fidelity Investments made the announcement for the launch of the Sherlock platform on Thursday, April 29. The asset management giant is huge and currently manages $10 trillion worth of assets for its clients from all over the world.
The firm has announced that the Sherlock analytics platform is equipped with the most comprehensible and advanced reporting tools. The mainstream institutions will find these tools extremely beneficial and advantageous when generating signals for cryptocurrency assets.
After generating the trading signals, it would be up to the mainstream institutions to choose a signal and make an investment according to that.