1 year ago
Traditional fiscal exchanges are mixed connected their stands related to offering crypto-related products and services, according to a survey by trade relation the World Federation of Exchanges (WFE).
As portion of a survey of cryptocurrency trading infrastructure the WFE surveyed its subordinate exchanges, with 12 of the 29 respondents (41%) saying are already offering crypto-related products oregon services. A further 7 program to connection them successful the future. More than a 3rd said they had nary specified plans, according to the survey.
The WFE besides recovered that determination is mostly greater retail request for crypto products than organization demand. There is besides disparity successful the types of products requested, with retail investors much funny successful non-fungible tokens (NFTs) and stablecoins, portion organization investors are much apt to request information tokens and custody services.
Only astir a 4th (26%) of the respondents said they expect crypto assets to go mainstream wrong the adjacent 5 years.
The survey was carried retired betwixt May and July 2022, respective months earlier the melodramatic illness of crypto speech FTX, which sent shockwaves done the industry and heightened existing concerns astir cryptocurrency with respect to opaque concern practices and deficiency of regulatory clarity.
The WFE has much than 250 members including the likes of Nasdaq, Deutsche Boerse and Switzerland's SIX Group.
Edited by Sheldon Reback.
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