After the sensational rise of the Bitcoin and the actual concept of the cryptocurrency, the recent survey has shown a wide possibility of “cryptocurrency trading” flaming up this year 2018. With the best interest in mind, 20 percent of the financial institutes in the world have shown their interest in getting involved in the cryptocurrency trading platforms by the end of 2018.

The Implications and the Survey Reports Claim Rise in Cryptocurrency Trading in 2018

During the survey carried out by Thomson Reuters, it has been estimated that 20 percent of the financial institutes are planning to begin cryptocurrency trading in 2018. Among all the financial institutes across the globe that intend to begin crypto-trading, 70 percent of them are keen to initiate these tradings in next three to six months while 22 percent of these institutes provided the longer time horizon for doing so.

The Estimated Raise in Cryptocurrency Trading in 2018

As per the 2017 survey carried out by Thomson Reuters Chadwick anecdotally polled the firm’s institutional clients regarding the rise of bitcoin and other cryptocurrencies. Chadwick, however, responded to his survey stating he was met with “blank stares” by the year-end 2017, however, when “bitcoin fever” hit the entire scenario changed.

There are many speculations in the market implicating that Goldman Sachs is launching a new trading desk for crypto. Besides being in rumours no one is confirming the news given the sensitivity of the topic.

NOTE- If all these rumors are to be believed, there is a good chance that soon we will see a revolutionary rise in the cryptocurrency trading platforms across the world. Not only this will initiate a new era for the financial institutes but will as well formulate a new playground for investors.

KEY POINTS –

  • 20 percent of global Financial Institutes to Begin Cryptocurrency-trading platforms.
  • Rise of Crypto-trading is estimated to be revolutionary by the end of 2018.
  • Goldman Sachs is speculated to be working on building a new crypto-trading desk.

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Source – CCN

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