Digital assets, especially Bitcoin has had rapid growth over the years. Bitcoin and other cryptocurrencies have been proving their use-cases every single day.
In a recent interview, Jay Biancamano, Managing Director of digital product development and innovation of State Street, one of the leading custody banks in the world, spoke about how digital assets were impacting trading and capital markets.
He stated that blockchain technology and digital assets were going to impact many different corners in the market in a similar way that electronic trading impacted the market decades ago. He also noted that Bitcoin had not really captured the market as electronic trading did. He stated,
“If you look back on how things evolved in the last 20 years and where we are right now in trading, for the most part, we’re electronic[….] Digital trading is the conversation we’re having right now because Bitcoin really hasn’t captured the market in a way that electronic trading has.”
A survey conducted by Swiss Infrastructure and Exchange [SIX] revealed participants’ enthusiasm for trading digital assets, with almost two-thirds reporting growing interest towards digital assets.
Source: SIX group media release
As shown in the above-attached pie chart, when participants were asked about their long-term outlook for trading digital assets and crypto products, close to 80% of them believed that the demand would eventually increase. When analyzing the level of interest coming from toward digital assets, 10% expressed high levels of interest, 21% had some level of interest and 32% of them had a low level of interest and 37% of the participants had no interest whatsoever.
© CoinJoker 2019 | All Rights Reserved.