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Can Trading by Mainstream Financial Institutions Boost Crypto Prices?

by David Drake A survey published by Thomson Reuters has revealed that one in five financial institutions is considering cryptocurrency trading this year. This translates to over 400 financial institutions like large asset managers, trading desks and hedge funds. According to the co-head of trading at Thomson Reuters, this is a sure sign the crypto  trading market is entering mainstream financial services industry. Moreover, in an interview with CNBC, Adena Friedman, Nasdaq CEO, revealed that Nasdaq could become a cryptocurrency exchange in future, if proper regulations are put in place. In the long-term, these developments are likely to have a positive effect on crypto prices. Individual Investors One of the ways to trading of financial institutions will boost cryptocurrency prices is the rise in the number of investors. According to Joseph Onyero, CEO of Properbuz, the growing interest of financial institutions in cryptos will attract more individual investors through institutional trading ... Read More »

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