20% OF LARGE FINANCIAL INSTITUTIONS ARE GETTING READY TO TRADE CRYPTOCURRENCIES IN 2018
Our CCO, Fraser Bell, is featured in Coinspeaker commenting on the growing competition crypto is bringing to the finance industry.
Coinspeaker 25/04/2018: Hedge fund and asset managers across the globe are getting more serious about cryptocurrencies with a big institutional money likely to flow in.
Although Bitcoin has always experienced the wrath of central banking institutions in the past many years, the cryptocurrency has successfully managed to sway the attention of global investors and now, it has been caught within the radar of big financial institutions.
Industry report shows that one in five financial institutions are now planning to start buying cryptocurrencies within the next 12 months, according to the latest survey by Thomson Reuters.
While commenting on this matter, Fraser Bell, our Chief Commercial Officer said:
“The more participants the greater the competition, which puts a greater emphasis on quickly evaluating vast quantities of crypto pricing data. This is where electronic trading firms can steal a march, by using their more sophisticated analysis to trade on information quicker than the rest of the market.”
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