The problem is that they don't enable actual fiat to crypto trades like how we are used to trade on our current crypto exchanges. I'm not sure when they plan to enable actual trades, but at least it's better than nothing.
It will help legitimizing crypto more effectively amongst high level investors and institutions. Every attempt to do that is a gigantic boost for everyone in this industry. This is what we have been aiming for to achieve.
Bitcoin was frequently called a fraud and a ponzi scheme years ago, but this fraud and ponzi scheme is forcing itself deep into the core of the legacy economy, and it's just the beginning. Keep hodling your Bitcoins firmly.
Topic: Crypto currencies are traded on stock exchanges. - page 2. (Read 228 times)
i think your wrong, the will attract money in the crypto market
The Swiss stock exchange SIX intends to trade in crypto-currencies and NYSE is considering the possibility of taking a similar step. What are your thoughts on this?
I think that there is really going to be a minimal impact that will stem from this.
Trading derivatives, options and whatnot is already happening at a large scale on a wide variety of platforms online. Of course, this is a mainstream institution that is showing interest, which is good, but it's serving speculators and isn't really providing any tangible services to the bitcoin community. I'd like to see tangible bitcoins being traded and settled instead of derivatives.
Even though that's the case, I think that we would continue to see spikes in institutional interest in the next decade in general. What really matters is community usage, still, to be honest.
Again, this is something that will probably be aimed to address the needs of other high end investors other than having a widespread impact on the general community within bitcoin. Plus, this is most likely going to be derivatives or futures of bitcoin rather than actual bitcoins.
It's still a good thing, but it's probably just not as positive as some may think.
It definitely does show that institutional investors are interested in bitcoin and are actively making investments into entering the market, but at the end of the day we're still not at the stage at which bitcoin itself is seen as a legitimate currency to conduct business with worldwide, but rather more of a speculative tool.
It's still a good thing, but it's probably just not as positive as some may think.
It definitely does show that institutional investors are interested in bitcoin and are actively making investments into entering the market, but at the end of the day we're still not at the stage at which bitcoin itself is seen as a legitimate currency to conduct business with worldwide, but rather more of a speculative tool.
The growth and money would only revolve within the confines of the platform who facilitates the futures and derivatives, but the original asset which is bitcoin will not gain anything apart from the press it will generate. Nonetheless, it goes to show just how interested any other people can be on the market and wants to get involved, just not directly. Scaling how the market works and gauging how the trading action happens in a market is one sign of unique interest, and that is what we can see on institutional investors testing out the futures.
The Swiss stock exchange SIX intends to trade in crypto-currencies and NYSE is considering the possibility of taking a similar step. What are your thoughts on this?
Again, this is something that will probably be aimed to address the needs of other high end investors other than having a widespread impact on the general community within bitcoin. Plus, this is most likely going to be derivatives or futures of bitcoin rather than actual bitcoins.
It's still a good thing, but it's probably just not as positive as some may think.
It definitely does show that institutional investors are interested in bitcoin and are actively making investments into entering the market, but at the end of the day we're still not at the stage at which bitcoin itself is seen as a legitimate currency to conduct business with worldwide, but rather more of a speculative tool.
Nasdaq is planning to launch cryptocurrencies in their exchange this year which is most likely to happen this year
Are you sure they're going to trade actual cryptocurrencies and not derivatives like is being traded on CBOT and CBOE? Those two exchanges have Bitcoin derivatives, but they're not actually linked to Bitcoin. They only mimic Bitcoin movements and settle in USD based on the price of BTC at given times. This is not actually trading or owning cryptos, only trading vehicles that are tangentially related to them. I would be surprised to see Nasdaq or any other traditional stock exchange getting involved in actual cryptocurrencies. It just seems to be outside their wheelhouse, and I would expect them, if anything, to buy an already functioning crypto exchange if they wanted to get into it.
The Swiss stock exchange SIX intends to trade in crypto-currencies and NYSE is considering the possibility of taking a similar step. What are your thoughts on this?
Are you sure this news is correct? Because there are so many similar news your news posted in this forum but most of it is just rumors and not real. Although this news will be very good for the crypto market. But we need the exact news
Nasdaq is planning to launch cryptocurrencies in their exchange this year which is most likely to happen this year
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Got any source citation for these rumors?
If true, this would probably extremely bullish news for those SIX cryptocurrencies. Real world market adoption is always a good thing and once traditional traders get access to these cryptocurrencies you can count on them to pump the value upwards.
Got any source citation for these rumors?
If true, this would probably extremely bullish news for those SIX cryptocurrencies. Real world market adoption is always a good thing and once traditional traders get access to these cryptocurrencies you can count on them to pump the value upwards.
Are you sure you're reading correctly? "SIX" is the name of the exchange, not the numbers of currencies that they're interested in. Read here for more info about this stocks exchange: https://en.wikipedia.org/wiki/SIX_Swiss_Exchange
Recently, there is a news about the Bancor hack, the market will move downward once more. Negative sentiment is much stronger even though this rumour might be a positive signal for crypto markets.
The Swiss stock exchange SIX intends to trade in crypto-currencies and NYSE is considering the possibility of taking a similar step. What are your thoughts on this?
Got any source citation for these rumors?
If true, this would probably extremely bullish news for those SIX cryptocurrencies. Real world market adoption is always a good thing and once traditional traders get access to these cryptocurrencies you can count on them to pump the value upwards.
The Swiss stock exchange SIX intends to trade in crypto-currencies and NYSE is considering the possibility of taking a similar step. What are your thoughts on this?
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