In a recent survey conducted by JPMorgan, a significant majority of institutional traders indicated that they do not plan to engage in cryptocurrency trading this year. The survey, which took place from January 9 to January 23, revealed that 71% of respondents have no intention of trading crypto or digital coins in 2025, a slight decrease from the 78% who said the same in 2024.

Despite this apparent disinterest in cryptocurrencies, the survey found that 16% of traders planned to trade crypto this year, which is an increase from last year. Additionally, 13% of respondents are already trading digital assets, also up from the previous year.

The survey highlighted a unanimous interest among participants in increasing their online or electronic trading activities, particularly for less liquid assets. This unanimous sentiment comes at a time when the regulatory environment for digital assets in the United States is reportedly improving.

JPMorgan's global head of digital markets, Eddie Wen, commented on the changing landscape, noting that recent regulatory developments have made it easier for traditional banks to enter the cryptocurrency market.

The surveyed traders also identified inflation and tariffs as the primary concerns that will impact markets in 2025, surpassing other factors such as geopolitical tensions. Furthermore, 41% of respondents viewed market volatility as the most significant trading challenge, marking an increase from 28% in the previous year.

Gergana Thiel, global co-head of Macro (BCBA: BMAm ) Sales at JPMorgan, was not surprised by the traders' focus on tariffs and inflation as central risks for the market.

The survey included 4,200 clients of JPMorgan from 60 different locations worldwide, reflecting a broad spectrum of opinions and insights into the trading preferences and expectations of institutional traders for the year ahead.

In related news, the U.S. government has shown signs of a more supportive stance towards the crypto industry, with the SEC reducing its crypto enforcement unit and executive actions hinting at potential government investment in Bitcoin . Additionally, the White House has expressed an interest in incorporating stablecoins into the U.S. financial system to strengthen the international and digital reach of the U.S. dollar.

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