Cryptocurrency investors are increasingly exploring beyond the top three cryptocurrencies as the market continues to decline, according to Robinhood’s head of crypto, Johan Kerbrat.

“I think what we’re seeing from our clients is that they’re really looking at it as an opportunity,” Kerbrat told Cointelegraph during an exclusive interview, adding that they see it as “an opportunity to buy the dip.”

“So we actually see a lot of clients continuing to trade cryptocurrencies and diversifying, not just into the top two or three assets, but actually expanding quite broadly,” he said, referring to the two largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH).

It suggests that investors are likely to become more comfortable with cryptocurrencies as an asset class, including their volatility and market volatility.

Investors have a “very clear vision” about Bitcoin and Ethereum

This comes just months after Anthony Basile, head of asset management at Coinbase, told Cointelegraph in November that the average investor has yet to reach a clear consensus on what the third cryptocurrency asset after the first two deserves serious attention.

“The market is not at all sure about the next asset they want to own next,” he said, adding that Solana (SOL) is “probably” the third asset on the radar. Basile said at the time that there was a “very clear vision” in the community regarding Bitcoin being the first priority, followed by Ethereum.

“We are seeing asset managers coming in on a large scale with very large positions mostly going into the top 20 assets,” Basil Askari, CEO of institutional crypto asset trading platform MidChains, told Cointelegraph.

“It’s not necessarily smaller cap altcoins, or not necessarily in DeFi or yield products,” Askari said, adding, “It’s baby steps.”

“I don’t think it’s impossible to see investment managers and large funds building specific teams around strategies that do different things along the risk curve, so I think it’s very possible,” Askari said.

Cryptocurrency holders are looking for use cases

Meanwhile, Kerbrat said he is also seeing more cryptocurrency holders on the platform, not only holding their tokens, but actively using them.