Thomson Reuters Corp TRI.O (TRI.N) conducted a survey of more than 400 financial institutions regarding crypto trading. The results, published today, show that 70% of these entities are considering trading cryptocurrencies within three to six months. Reuters reports that these respondents are clients of its parent company, including “large asset managers, hedge funds and trading desks at the biggest banks”.
These survey results come as good news to the cryptocurrency industry, especially in the wake of the negative events surrounding niche in the past months. From regulatory inquiries to ad bans to bank restrictions – crypto trading has been suffering blow after blow.
With traditional financial institutions opening their doors to crypto trading, regulations are still likely to be set, but it heralds widespread adoption, which is what the industry is aiming for.
However, Thomson Reuters admits that the survey was only the first one conducted, so it may not be an accurate representation of the current sentiment towards cryptocurrency.