Topic: Banks will trade cryptocurrency sooner than people think (Read 251 times)
Banks are desperate to influence the choice of investors and to convince the banks that it is still reliable and profitable. But I think that over time, the crypt will move to a new level and can completely replace the banks.
I get very happy when I hear about this from any where. Its a too good that bank will trade cryptocurrency soon. I think many banks are very interesting in cryptocurrency.
As we can see now banks have already involved in the crypto world: close interaction with Ripple, blockchain transactions and so on.
I am expecting banks to start crypto currency exchange activities soon too. There are a few banks developing the exchange, one of them is Bank of Tokyo Mitsubishi UFJ in Japan.
It would be very cool if it was so, but do you understand what the problem is, I think that if the banks start doing this, they are obviously fools, because the use of the crypto currency already says that there will not be banks as a whole.
This is looking at how people think ...))) But actually completely agree with the idea that banks will pick up the crypto currency and keep it in their accounts ...
Banks and major players on the stock exchanges have long been ready to invest in Cryptocurrency. There are 2 factors that stop them.
1. There is no stability in the market. Fluctuations - 50% + 50% is a good earnings, but also huge risks. A less quiet market will attract major players.
2. There is no stable coin that would replace Fiat. Tether I don't take into mind at all since this property is holding a certain exchange. It's quite problematic to cash out large sums all the time if the market is not stable. There is no good alternative to keeping investment inside a cryptocurrency with a stable rate towards the dollar or the euro. It should be a popular coin, which is supported by all exchanges.
1. There is no stability in the market. Fluctuations - 50% + 50% is a good earnings, but also huge risks. A less quiet market will attract major players.
2. There is no stable coin that would replace Fiat. Tether I don't take into mind at all since this property is holding a certain exchange. It's quite problematic to cash out large sums all the time if the market is not stable. There is no good alternative to keeping investment inside a cryptocurrency with a stable rate towards the dollar or the euro. It should be a popular coin, which is supported by all exchanges.
Its really happening. Financial institutions like banks will possibly invest on this since it gives more profit. They have all the funds to do so and its a good opportunity for them to collaborate it with banking services. Banking is going digital and probably cryptocurrency is one of the possible ways to do so.
I think it will be a great idea if banks trade cryptocurrency as it will move crypto community to a better place and it will become globally accepted because more people will show interest by investing in it as long as it has the government backing. This will also help to stabilize the price of some stable coin and help reduce the rate of scam in the system as they will need the endorsement of the government before they can be accepted.
It is very likely that many banks are already investing in crypto-currencies in small chunks. But they do it informally. Banks do not want to create this kind of hot news, because the price may rise. It is advantageous for them to make deals without unnecessary noise
I agree with you. Surely already many banks invest in crypto currency, but they do it all quietly.
Some people were dumping when all this talk of regulation took place late last year. However, this is needed so banks will adopt cryptocurrency and governments start to embrace it. When people realise the benefits involved, there will be a huge bull run as everyone rushes in
Better for the banking system to adopt blockchain technology and creating their own coin can be good preparation for a brighter future. Also government will regulate cryptocurrency if the banking system are showing interest about cryptocurrency. In the future, many banks will use this and those who first to adopt will go ahead from the others.
A better future of cryptocurrencies will happen when they combined together trader of coins and banks employees hoping at last will became friends.
I am sure that the most banks are already trading cryptocurrencies, but they are not talking about it because they don't want to create too much fomo. Many people would rush into the market as soon as they hear that local banks are buying!
No not all of them. For some banks in some countries it will take longer for them to start being involved in cryptocurrency trading than it would be for others. For now there are some banks in some countries that are already using the blockchain technology but that is still a few number and even though I believe that all banks will eventually use them, I also know that it will take time.
I wish it was true..but for now only such countries as Venezuela, Iran, Russia and others of the kind are implementing blockchain in their financial systems via central banks. Surprisingly, and at the same time not. I explain this to myself as an attempt of those countries to launder money and develop underground economy where common economic measures fail. But I wish people saw blockchain from another angle. Not as a means to mistreat people but to help. For example, Venezuela could use blockchain to provide transparent and honest elections, instead it chose to create that scam of El Petro. I wish that one day banks would really sell tokens not money but feels like first developed countries should take a lead and set an example
It's been a while since the banks start to invest in blockchain technology. However the banks continue to declare negative says on the crypto trade. I don't believe them, they are preparing.
The only problem that hampers the whole process is security. Today, from all fraudulent activities with crypto currency, about 50% of stolen funds disappear forever. In general, there will be reliable protection, then the banks will start its turnover.
Some people were dumping when all this talk of regulation took place late last year. However, this is needed so banks will adopt cryptocurrency and governments start to embrace it. When people realise the benefits involved, there will be a huge bull run as everyone rushes in
When it comes to that of the crypto currencies, you can expect anything to happen and that too at any moment. There are likely chances of this thing to happen but I think so that this will never happen until and unless the government declares the support of the crypto currencies as without the approval of the government, it will be very much difficult for the banks to make any such decision on their own. Some people were dumping when all this talk of regulation took place late last year. However, this is needed so banks will adopt cryptocurrency and governments start to embrace it. When people realise the benefits involved, there will be a huge bull run as everyone rushes in
Better for the banking system to adopt blockchain technology and creating their own coin can be good preparation for a brighter future. Also government will regulate cryptocurrency if the banking system are showing interest about cryptocurrency. In the future, many banks will use this and those who first to adopt will go ahead from the others.
Banks consider crypto threat to their existence, before they get to trade it , i think they will try stop ctrypto and will only trade if left with no other option
Former head of J.P. Morgan's blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently.
"I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."
I think it will be great if this happen so. Share your thought of possibility.
For me I think banks will open it's gate into cryptocurrency for investment and trading purposes because it has huge potential due to volatility and people are already getting into it. The only thing they can do about it is to regulate to avoid using of any illegal activities with cryptocurrency. A lot people prefer cryptocurrency investments rather than those that has stable value assets like real estate, stocks and dother fiat related investments. "I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."
I think it will be great if this happen so. Share your thought of possibility.
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