Every fifth financial company is thinking about using cryptocurrency

About one in five companies among financial institutions surveyed by Thomson Reuters are considering introducing cryptocurrency platforms over the next twelve months. The survey was conducted among 400 clients across all Thomson Reuters trading platforms, including Eikon, REDI and FX systems.

Among companies that indicated they will trade cryptocurrency in 2018, approximately 70% plan to do so within the next 3-6 months, and another 22% within the next 6-12 months.

The Thomson Reuters report was published the day after the company Goldman Sachs has hired crypto trader Justin Schmidtas head of digital asset markets to help clients gain access to such assets.

Neil Penney, co-head of trading at Thomson Reuters, said that “Cryptocurrency remains relatively a small part of the financial market, but according to Thomson Reuters research, this segment is becoming mainstream in the financial services industry. This is a significant change from last year.”

Thomson Reuters now provides price information for bitcoin and other cryptocurrencies through Eikon, and has also launched a data feed for bitcoin and other cryptocurrencies. Penny says the company intends to provide additional opportunities for the cryptocurrency market throughout 2018.

“What's most important to our customers is seamless access to cryptocurrency news and data to make it easier to make informed trading decisions. As a leading provider of news, data and trading capabilities, Thomson Reuters is positioned to provide solutions that meet clients' needs in the growing cryptocurrency market."

According to https://www.finextra.com