Thomson Reuters: One Out Of Five Financial Firms Is Considering Crypto-Trading In 2018

Thomson Reuters: One Out Of Five Financial Firms Is Considering Crypto-Trading In 2018

Cryptocurrency
April 24, 2018 by Bitzamp
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Thomson Reuters: One Out Of Five Financial Firms Is Considering Crypto-Trading In 2018 One in five financial institutions plan to trade cryptocurrencies over the next 12 months, according to a poll released today by Thomson Reuters. Cryptocurrency trading by financial firms could increase in 2018 according to information giant Thomson Reuters (NYSE:TRI)’s survey, with approximately
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Thomson Reuters: One Out Of Five Financial Firms Is Considering Crypto-Trading In 2018
One in five financial institutions plan to trade cryptocurrencies over the next 12 months, according to a poll released today by Thomson Reuters.

Cryptocurrency trading by financial firms could increase in 2018 according to information giant Thomson Reuters (NYSE:TRI)’s survey, with approximately 20% of the participants indicating they are considering trading cryptocurrency over the next 3-12 months. The survey was conducted among 400+ clients across all of Thomson Reuters trading solutions including Eikon, REDI, and its FX platforms.

Data release comes just after Goldman Sachs hired Justin Schmidt to help customers become familiar with cryptocurrencies.

Neill Penney, co-head of trading, Thomson Reuters, says: “Cryptocurrency is still a relatively small part of the trading market, but this survey makes clear this niche segment is starting to enter the mainstream of the financial services industry. This is a major change from a year ago.”

Thomson Reuters offers a transparent overview of assets in traditional and new and emerging asset classes, such as cryptographic assets. Thomson Reuters currently provides prices for bitcoin and other cryptocurrencies via the company’s Eikon financial platform.

Banks are continually showing their interest in cryptocurrencies, one of which is Goldman Sachs. Yesterday, it was reported that the Wall Street bank had hired its first digital currency trader aimed at helping clients to invest in cryptocurrencies.


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