JP Morgan Bitcoin trading platform? | Bitcointalksearch.org

solex

legendary

Activity: 1078

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100 satoshis -> ISO code

Quote from: cheater123 on August 07, 2013, 03:18:39 AM

I dont think they will do this because its not good for big institutions to be involve business like this

Oh yeah, that's right. They prefer to do this:
http://www.publicintegrity.org/2011/12/22/7751/ex-wamu-worker-claims-he-was-shunned-refusing-push-toxic-loans-borrowers

cheater123

newbie

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I dont think they will do this because its not good for big institutions to be involve business like this

LiteCoinGuy

legendary

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In Satoshi I Trust

"He is not alone. Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters. Neither bank wanted to comment. Employees at almost all the major international banks and numerous trading and investment firms have shown interest."

Grin

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this thread remebers me to that:

BBVA Research (Spanish Bank) - A Chapter in Digital Currency Adoption

https://bitcointalksearch.org/topic/2013-07-31-bbva-research-spanish-bank-a-chapter-in-digital-currency-adoption-267312

Could BBVA be the first global bank to take an interest in bitcoin? The Latin America focus would make sense here.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

London City traders are well aware of the potential of Bitcoin

http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401

Expect the major IB firms to accumulate a proprietary investment holding, especially if/when it ramps up from $100 to the next level.

Lethn

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I can guarantee you that because this is JPMorgan who are essentially stooges of the federal reserve like Goldman Sachs aren't making a trading platform for Bitcoin purely because their masters told them not to.

franky1

legendary

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average users want to trade 0.1BTC-10BTC at a time.($10-$1000)

banks want to trade 100BTC-......... ($10k-.......)

so far watching mtgox charts. these rare 100btc-5000btc orders are 'walls' and not easy to eat up, gone in seconds orders which banks are use to.

ruletheworld

legendary

Activity: 1386

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I don't think this is the right time for these banks to gamble on Bitcoin. It isn't as if they add a lot of value to the currency. Even though Bitcoin is a billion dollar market now, I think it still needs the love and nurturing of the enthusiasts rather than pure greed to make money off of this new shiny thing. It needs more adoption into mainstream finance. I doubt banks trading this would provide that adoption. May be a couple of years down the line it might be good for the currency to have some mainstream banks and trading. I could be wrong though.

cryptasm

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Gamdom.com

As a previous employee, I hope those scumbags have nothing to do with Bitcoin Wink

Coldfats

newbie

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So.....

I have this friend who is working in one of the biggest wealth funds in the world and he told me that they circulated an internal research paper on Bitcoin. Apparently, JP asked big funds and financial institutions if they would be interested in trading Bitcoins if JP created a trading platform. I'm under the impression that many of them said no, and I doubt that JP would actually go ahead with making this trading platform because there wouldn't be enough revenue from a $1bn otc market.

Anyone know anything more about this?

Topic: JP Morgan Bitcoin trading platform? (Read 3310 times)