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
You May Also Like
Roger Ver plans to launch his own crypto exchange
Roger Ver believes that launching your own cryptocurrency exchange platform is a good idea. Exact details are still scarce, but the multimillionaire said his crypto platform will launch directly on Bitcoin.com.
Coinbase is shutting down its index fund and will develop a new retail product
The US cryptocurrency market bellwether, Coinbase, announced plans in March to open an index fund to allow accredited high-net-worth investors and institutions to trade digital currencies on the exchange.
