June 16 (Cointime) - Investors in cryptocurrency are becoming more cautious about who they do business with due to the sudden collapses of several platforms last year. They fear that a regulatory crackdown will put more pressure on remaining firms.

Institutional investors are switching to exchanges that offer stronger asset protection, boosting due diligence on trading partners, and executing trades in smaller chunks to protect themselves. Recent bankruptcies of crypto platforms have trapped customer assets now worth around $34 billion.

Binance.US and Coinbase Global are the latest crypto exchanges to come under scrutiny after the U.S. Securities and Exchange Commission sued them for allegedly breaching its rules.