20% of large financial institutions will open cryptocurrency transactions in 2018

The 2018 cryptocurrency market will become more and more lively. According to Thomson Reuters, about 20% of financial institutions around the world will continue to trade cryptocurrencies in 2018. According to CCN, the Chicago Mercantile Exchange (CME) and the Options Exchange (CBOE) have launched Bitcoin trading services, although the transaction volume is not too large.

Thomson Reuters surveys more than 400 company executives, including asset management companies, hedge funds and trading platforms connected to large global banks. Nearly 70% of financial institutions will begin to buy and sell cryptocurrencies in the next 3 to 6 months; At the same time, 22% of financial institutions will take longer to start trading within about 6 to 12 months.

20% of large financial institutions will open cryptocurrency transactions in 2018

Neil Penney, head of trading at Thomson Reuters, said that cryptocurrency still accounts for a small portion of the trading market, but surveys show that the niche market may begin to become the mainstream of the financial services industry, a significant change from the situation a year ago.

Financial regulators have also begun to sweep away the scams in the cryptocurrency market, making the market more mature. Large financial institutions have become more interested in trading these numbers due to the volatility of cryptocurrencies and potentially unlimited caps. currency.

Sam Chawick, director of strategic innovation at Thomson Reuters, revealed that the value of cryptocurrency assets plunged in the fourth quarter of 2017, Bitcoin lived up to expectations, and the company created a login page for Eikon, with the longest customer stay, only Second to the euro.

Financial institutions may open cryptocurrency transactions through investment, strategic cooperation or even the implementation of new cryptocurrencies, commonly known as altcoin. Chawick said the market may push 50:50 bitcoin and Ethereum's combined funds, but Based on the risk of diversification, customers may actually maintain a total of 10 to 20 holdings of different cryptocurrencies.

The financial institutions surveyed indicated that they have a lack of interest in privately offered tokens such as Zcash or Monero, as these tokens may not be tested by money laundering (KYC).

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