Banks to start trading crypto sooner - page 8.

TooDumbForBitcoin

legendary

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Quote from: ALI AKBAR on May 23, 2018, 06:02:22 AM

If it is true that banks are launching quick crypto trading, Then worldwide cryptocurrency and blockchain will be used. One of the main reasons is that the banks are starting trading in BTC. Due to the start of trading of banks, the price will increase greatly and people will use it as exchange and transaction and payments.

It is true! Many announcements has been done. One of the latest's was from Swiss stock exchange. Market's development is positive actually.

Odlanyer

member

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It's a good news if banks are trading crypto sooner but don't expect to much we all know some of countries are not accept bitcoin to their country so perhaps it impossible to happen.

ALI AKBAR

full member

Activity: 266

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If it is true that banks are launching quick crypto trading, Then worldwide cryptocurrency and blockchain will be used. One of the main reasons is that the banks are starting trading in BTC. Due to the start of trading of banks, the price will increase greatly and people will use it as exchange and transaction and payments.

Jashhh

newbie

Activity: 129

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Argentina's Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin.

rahimali

newbie

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Crypto market is now popular among people. But banks are against crypto because they feel if crypto does well in the market they will lose public demand. But i think this situation will be change and bank will support crypto.

pawitrawijaya

newbie

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That's good news! Good idea is to buy bitcoin now, because if you buy in the future, the price can jump so the price becomes expensive.. Especially if you already have bitcoin investment from now on, it would be better to prepare for the future..

brightamo

newbie

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Bitcoin profitability will force banks to enter into cryptocurrency trading or investment since banks are rational entities and need to maximize their profit.

cryptohipo

jr. member

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i totally agree with former JPMorgan blockchain executive. because people are into bitcoins and banks do not have any other option than serving what people actually what. other wise they will loose these people.

Ishiro5

copper member

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Very correct. Banks are smart enough to identify opportunities and move with technological trends. So this might not be very far from the truth. A bit of what we have seen from bankers in the past as regards crypto was to see if they could stop it. But obviously this cannot be stopped, and they must find a way to make money from it too.

[ProTrader]

sr. member

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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

What he means is they already done in accumulating bitcoin and they are ready to manipulate the market. This year will be different compared last two years event. Watch out for the FUD hey will create soon. Never trust a bankers.

gabbie2010

sr. member

Activity: 2590

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SOL.BIOKRIPT.COM

Banks entry into crypto trading could spell doom in control of prices of Cryptos in the sense that they would massively buy Cryptos and turns around to become whales thus manipulate and controls the price of Cryptos, this is a subtle way by which banks wants the control of the market of course they have available funds to buys huge amount of Cryptos and hodl thus taking the control completely from individual, exchanges e.t.c.

climaxcrypto

newbie

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Is it a FUD? If it's not then this is really a great news indeed. This will encourage a lot of people to invest in crypto currency. This shows how far crypto currency is going. I hope one day will come that everyone one of us would be using crypto currency. Shocked

Dudeperfect

hero member

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Yes, there are some banks out there who are already using ripple protocol and some banks are testing blockchain to execute their own blockchain based system to optimize their traditional work process but even in that case, I won't call it a change because banks will still keep the control of it with themselves whereas the core ideology of blockchain is all about decentralization.

pekcoin01

newbie

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I do not think the banks will use the token exchange.
They will not take such a risk. If banks use a token exchange, the crypto stock market becomes more popular.
Governments do not allow banks to enter the stock market because they are against the crypto stock exchanges.
The banks are trying to enter the blockchain system.

MrAntonius

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Quote from: Rustamm on May 20, 2018, 09:32:33 AM

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

The position of banks in relation to the crypto currency will directly depend on the speed of legalization of the crypto currency by the majority of states and on their general attitude to the crypto currency. If the laws on the regulation of the crypto currency are largely friendly, the banks will have to accept the existence of the crypto currency and will quickly switch to its use in their activities and the provision of various types of services in the crypto currency.

not all States will be the first to regulate cryptocurrency, which will make many market participants think. And whether they are in that place. For example, Russia is not particularly in a hurry, although Belarus is in the top 10 countries that have recognized the crypt legal and tax-free, and in the first place Switzerland... One thing I can say, the crypt is our future.

Kimchu kuno

newbie

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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.

This will be the sign that crypto currency will rise and attracts many investors.

MrAntonius

full member

Activity: 392

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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

Interesting news!!!
Although not surprisingly, Morgan bought a large exchange of Polinex, so we are waiting for very good news from this Bank

yvuj101

newbie

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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.

If banks start to trade crypto the demands will go higher and price goes up holders can get big profit.

karashika0577

copper member

Activity: 434

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Of course, if the bank starts crypto business, then it will be a major revolution for crypto. Confirmation of the bank will increase people's confidence in crypto. There is no doubt that crypto prices will increase and there will be abundant investors and customers. Currency organizations around the world have begun to understand the crypto world. This is a good opportunity for those who want to invest.

redsap

member

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Harmony for One and All

yeah heard some news about that too, right now bank are going to impelemnt blockchain tech to thier system and i guess that will make bank will getting full dive into a crypto too, and maybe it can be make a coin too soon

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