Reports Indicate That 1 In 5 Institutions Are Exploring Crypto Trading

    Thomson Reuters has stated that it just discovered that one in five of its financial services clients has been considering trading in cryptocurrencies in the course of this year.

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    It was just recently that the firm conducted a survey of about 400 clients on its data and trading platforms, including Elektron, FXall, REDI and Eikon. About 20 percent of those clients indicated significant interest and that they are actively exploring the launch of cryptocurrency trading operations in the course of this year. This information was provided by Sam Chadwick who is the firm’s director of new content initiatives.

    A recent press release has brought it out that 70 percent of the firms will be scrutinizing the trading plan and that would be starting in a matter of about six months. It was also revealed that another 22 percent are expected to start in about 12 months.

    This pulls along as a significant change comparing to what was witnessed one year back. Chadwick was quite emphatic in speaking about the shift in attitudes outlining that they were at the moment engaging most of their customers but the one thing they had noticed was that that none of them was showcasing interest in cryptocurrencies until now.

    The passage of time is witnessing interest shift towards cryptocurrencies in a rather notable way. Thomson Reuters has made a statement revealing that it will be supplementing its bitcoin price feed with data for Ripple’s XRP, bitcoin cash, litecoin, as well as indices and bitcoin futures prices from CryptoCompare.

    Chadwick takes the strong stand that the rapid expansion beyond bitcoin arose the interesting question regarding the altcoins. Some survey respondents spoke in relation to the matter outlining that they were willing to trade anything.

    The long and the short of it is that the interest was concentrated around those coins associated with huge market valuations. More changes are expected to pull along as we progress and it is clear that market dynamics are shifting quite fast.

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