.BankofAmerica says that despite last year's digital asset market correction and bankruptcies, the crypto ecosystem continues to develop, with traditional finance companies like NasdaqExchange offering more services in the space. willcanny99 reports.
Institutional demand is driving the offering of institutional-grade products, with Nasdaq just the latest traditional finance, or TradFi, firm to offer more services in the digital assets space, the report said.
Bank of America says institutional investors remain engaged and focused on the “disruptive nature of blockchain technology over the longer term.” The bank says it expects crypto company collapses to slow institutional trading as they “reevaluate counterparty risk and ensure that custody, exchange and broker-dealers are separate entities or siloed.”
However, these collapses create a void in the crypto ecosystem that “trusted and experienced TradFi firms offering institutional-grade products may fill,” analysts Alkesh Shah and Andrew Moss wrote.could limit the ability of registered investment advisers to provide custody for clients’ tokens on most crypto-native exchanges, which will further drive TradFi institutions into the space, the report added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Trading Volume on Futures Exchanges Jumps by Almost 50% in March, See Leading CEXesCrypto futures trading volume rose by almost 50% in March, WuBlockchain says. Who dominates the segment? Bitfinex Deribit Gate
Read more »
Ether crosses $2,000, and Twitter teams up with eToro for crypto trading: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Fred Thiel of Marathon Digital Holdings discusses crypto mining's energy use.
Read more »
Wisdom Tree, T. Rowe Among TradFi Firms to Test Avalanche's Blockchain SubnetFinancial Institutions including T.Rowe, Wisdom Tree, Wellington Cumberland joined layer-1 Avax’s Evergreen subnet “Spruce,” to make trade execution and settlements more efficient. LedesmaLyllah reports
Read more »
London Stock Exchange unit to clear bitcoin derivativesThe TradFi exchange took a step into crypto as its clearinghouse unit signed a deal to begin offering trading in bitcoin derivatives.
Read more »
A Bitcoin Whale Makes Big Move; eToro Partners With Twitter to Offer Direct Crypto TradingListen to this episode from The Hash on Spotify. The most valuable crypto stories for Thursday, April 13, 2023. This episode is sponsored by Filecoin Foundation.'The Hash' tackles today's hot topics: Ethereum's Shanghai upgrade completed smoothly, opening a new era of staking withdrawals. Advocates launch a campaign to fight against a proposed anti-bitcoin mining bill in Texas. A large bitcoin investor moved a large chunk of holdings to an exchange. Plus, eToro's new partnership with Twitter to offer crypto trading directly from the social media platform.See also:Ethereum Unstaking Requests Pile Up After Shanghai Upgrade, Now at 2-Week WaitEthereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee VoteEToro to Offer Crypto Trading Directly to Twitter UsersCrypto Update | Ether's Surge, EU's MiCA Law, Twitter-Integrated Trading, FTX's Recovery and Bitcoin Trend Trading Tools-Connect with the Filecoin community at the Filecoin Network Base in Austin, April 24-26, ahead of Consensus 2023. Register today at networkbase.io/austin. And find us on the Consensus show floor in the Protocol Village, presented by Filecoin Foundation. See you in Austin! -Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus.-This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
Read more »
Close to Half Billion XRP Shoveled by Anon Wallets as Price Keeps Holding in $0.5 RangeOver 460 million XRP moved in enormous lumps with participation of Crypto.com exchange
Read more »