Bitcoin Forum

Guys have you seen this news??
I'm sorry if I am posting in the wrong section or making any mistake. This is my first post in the forum therefore idk how to do things properly. But I wanted to share this with us because to me looks very impressive. Thanks guys.

Stock exchange with a turnover of $ 1.5 trillion enters the market of cryptocurrencies

The Swiss Stock Exchange SIX announced the launch of a fully regulated cryptocurrency exchange. SIX Digital Exchange will be regulated by the National Bank of the country and FINMA financial regulator and will become the world's first crypto-exchange, which simultaneously provides trade settlement and depositary services.

The SIX Stock Exchange, which has a common trading space with Deutsche Börse AG and Eurex, is the third-largest stock conglomerate after NYSE, Euronext and NASDAQ OMX and has a turnover of $ 1.5 trillion.

According to the Director General of SIX, Jos Deiselhoff, the creation of a crypto-exchange site is "the beginning of a new era for capital markets infrastructures." Trades on the SIX Digital Exchange will begin in the first half of 2019.

https://bitcoinist.com/switzerlands-stock-exchange-is-launching-a-cryptocurrency-exchange/

Hi, you should also include a reference to where you received this news from so we can assess the news source on our own.

I found a reference here: https://medium.com/@ICOCryptoNews/stock-exchange-with-a-turnover-of-1-5-trillion-enters-the-market-of-cryptocurrencies-28cc4a498a1d

Thanks man. I edited it and left the reference. I think this was very good news for bitcoin.
https://bitcoinist.com/switzerlands-stock-exchange-is-launching-a-cryptocurrency-exchange/

It's obviously good news that institutions such as this one are showing interest in bitcoin and just cryptocurrencies in general. However, it's probably not going to affect the average Joe that much, because their services are going to be tailored for the elite few percent of traders and more likely just other institutions.

Also, pretty sure that this isn't something that is yet confirmed. They are just saying that they may or probably will do this, there is no definitive ETA other than the mid-2019 rollout which is quite vague.

Anyhow, this trend of institutional investors and businesses entering bitcoin and crypto has been growing recently. This could potentially help bitcoin grow further in the next bull market, however, I don't really see it making a lasting impact honestly in the long run.

Thanks for commenting! I really get exited with the news but being objective its true they havent confirmed anything yet.
Still ive researched about this SIX stock exchange and they are, compared to traditional stocks as NYSE, very open to innovations, they were the first stock exchange in the world to incorporate a fully automated trading back in the ninties so I think they could probably be open to crypto or tokenized assets.

thanks for commenting :)

Institutional capital injection will bump the price, but it will also increase the volatility. Instead of a few small whales or early investors, manipulating the price, we will now see Fiat whales entering the market and pushing their weight around. These investors are purely profit driven and will withdraw at the slightest indication of bad news.

Your early investors <Whales> in Bitcoin are more motivated by the technology and not just by large profits.  ;) Yes, the institutional investors can pump the price hard, but they can dump just as easily.  >:(

Could the fiat whales overcome the BTC whales? Really you think dumping it's as easy for them as pumping?