Financial firms to play a new role in cryptocurrency industry

Financial firms to play a new role in cryptocurrency industry

CRYPTOCURRENCY NEWS
Apr 25, 2018 by admin
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Thomson Reuters has reported that top five financial firms are checking waters to enter in cryptocurrency and they have shown their keen interest in entering cryptocurrency trading. A survey that was conducted to report the same had specified that projects would commence in upcoming few months. 20% of the participants in the survey indicated their interest
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Thomson Reuters has reported that top five financial firms are checking waters to enter in cryptocurrency and they have shown their keen interest in entering cryptocurrency trading. A survey that was conducted to report the same had specified that projects would commence in upcoming few months. 20% of the participants in the survey indicated their interest to invest in cryptocurrency as it seems the easiest and lucrative choice to them. There are positive speculations about cryptocurrency returns in upcoming time.
Neill Penney, co-head of  Thomson Reuters had stated about this change” Cryptocurrency is still a relatively small part of the trading market, but this survey indicates this niche segment is starting to enter the mainstream of the financial services industry.  This is a major change from a year ago. As a leading provider of news, data, and trading capabilities Thomson Reuters is well-positioned to deliver solutions that address client demand in the growing cryptocurrency market
Businesses are planning to offer more opportunities to people in terms of functionality. The survey presented a resemblance among participants that cryptocurrency would go further touching skies of success. Many reputed position holders have made statements about these surveys.
CEO of CoinMetro had commented on results of this survey ”  Historically, the banking sector has been notoriously dismissive of the crypto movement. Cryptocurrency has variously been called a bubble, an asset for criminals, and worthless. But today’s survey demonstrates that while financial institutions are saying one thing, they’re doing quite another. 

Huge institutions e.g. Rockefeller family & wall street legends have also shown their interests in digital volatile markets. The recovery of bitcoin had also given confidence to investors that were scared from bearish expectations.