Banks to start trading crypto sooner - page 5.

befriendmywater

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Quote from: JessicaHart8 on July 29, 2018, 11:14:11 PM

Most recently, Russia's largest banks are piloting Bitcoin and Crypto.

Sberbank and Alfa-Bank will provide their clients with shares in a special fund that will trade six of the most popular electronic currencies on major exchanges, including Kraken and Bitstamp.

Sberbank, the main state bank responsible for handling government employees, and Alfa Bank, the largest private bank in the country, plan to participate in electronic money transactions with the assistance of the fund. Investment AddCapital, National Depository Center and IB Group.

The portfolio will consist of the six most popular electronic currencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The combination of the coin will be modified four times a year, and the ratio of that coin will be balanced by a trading algorithm.

That's a great sign for the cryptocurrency community. I increasingly believe that the future of cryptocurrency is bright. Undoubtedly, banks around the world are leveraging blockchain technology to enrich themselves and their partners. This will spread more and cryptocurrency will become more common worldwide.

JessicaHart8

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Most recently, Russia's largest banks are piloting Bitcoin and Crypto.

Sberbank and Alfa-Bank will provide their clients with shares in a special fund that will trade six of the most popular electronic currencies on major exchanges, including Kraken and Bitstamp.

Sberbank, the main state bank responsible for handling government employees, and Alfa Bank, the largest private bank in the country, plan to participate in electronic money transactions with the assistance of the fund. Investment AddCapital, National Depository Center and IB Group.

The portfolio will consist of the six most popular electronic currencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The combination of the coin will be modified four times a year, and the ratio of that coin will be balanced by a trading algorithm.

fosco333

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

If this is true, then cryptocurrency bearish market will be ended soon at any time. if the banks start to using cryptocurrency in their system,
i think cryptocurrency demand will be increase much higher than before. Resulting a spiking price in the market.

Phinoy

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Quote from: rudyjavon on May 21, 2018, 07:10:51 PM

banks are always interested to invest their idle funds to mange the cost of borrowing funds and as a new source cryptocurrencies will be sonn added to banks portfoilo.

It is a good new's that bank are started to trade crypto maybe some Bank's are already started but not all are have in crypto the only thing is to wait for the memorandum that we can now trade in Bank's any ware.

ComaJoma

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I'm really looking forward to it! Wink

It would be just what many of us need....

fipper

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

bitcoin advances if banks are going to trade bitcoin maybe it causes bitcoin to be unveiled and recognized around the world as the applicable currency of course, buying and holding on to sell for profit is an investment strategy

brylle34

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

no doubt because banks is also trading on stocks market that is their way to earn more money, and we all know banks will do every opportunity to earn.

samiul12

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Now the world is going on with cryptocurrency so it is a dye hard decision for the banks to make a decision to use crypto trading. If bank start trending with cryptocurrency many people will walk for the international currency in their own country.

icreative998

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

I always thought Banks would trade cryptocurrency sooner, because the potential that bitcoin or other cryptocurrency brings back. And very happy to hear from you, crytocurrency will soon be noticed, soon to be recognized as a major currency in many countries.

loragean03

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

Even without banks, bitcoin can pump, bitcoin has faced dips from the recent time, it can recover it seft again, but if its true that banks will start to trade soon, it is a good news to all of us, because it could be a huge impact into crypto markets. I have more faith in bitcoin and always waiting the good news and events for me to secure my future.

Eros1on

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In the current situation, the BTC is certainly not in the same position as gold, because the price of BTC is very unstable and cannot be used as asset allocation, only as speculative products.

wisdomcn

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Everyone that believes in bitcoin will always want to hear good news about bitcoin and cryptocurrency in general. I think if this happens, it will be a major revolution for crypto. If bank confirms and adopt crypto it will increase people's confidence in cryptocurrency. For sure crypto prices will increase and there will be increase in terms of investors and organizations around the world will also adopt it.

Denies

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

which banks will trade crypto? I think that statement is just a mere assumption and not really happening. because of the fact, to date there is no single banking traded crypto like other fiat currencies.
this news became more viral because it was voiced by JPMorgan, and JPMorgan's statements often contain controversy

bayy43

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It is very true that once more curry crypto more cryptocurrency and more melunjak

nesty

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That could possibly to happen bank would find a way to have alternative source of income aside from the fiat and other products that they are offering their clients. Crypto currencies has a higher potential to earn so much more.

Dmitry.Vastov

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

We all are aware with this condition of bitcoin that it is in lots of controversy and because of which it has gained a interests of lots of investors there, and now we can see that there are two groups in the world , one is those who hated bitcoin and the second one is those who lives bitcoin and I on the living one side but still after all this there is a huge question whether all the countries will legalise bitcoin or not, acceptance of bitcoins in the banks is the secondary thing.

KXC247

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It would be a good thing if banks start trading cryptocurrency as this would mean massive new funds into it and the price would skyrocket like never before. Its the best time to buy bitcoin as price of bitcoin has began to rally

SnapDown22

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

if the news you are conveying is true of course it is a fresh breeze that can be inhaled by investors waiting for the advancement of bitcoin currencies and maybe bitcoin will also be recognized by the whole world as the applicable currency

icecream sandwich

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Quote from: krishnaverma on May 20, 2018, 04:17:19 AM

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

bitcoin utilized banks is a thing that I think will be troublesome, yet in the event that the legislature supports the strategy by looking at all the more profoundly about the negative impacts and beneficial outcomes of bitcoin I think could be the progression of digital currency entering the keeping money world despite the fact that expansion dangers can be debilitating whenever.

cah ndablek

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I think with bitcoin exchange rates still in a bad period, traders should immediately buy as many bitcoins as possible open up opportunities for success because they are enough to hold the asset with patience to make it happen later.

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