Banks will trade cryptocurrency sooner than people think

[CryptoRaymond]

Former head of J.P. Morgan's blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently.

"I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."

I think it will be great if this happen so. Share your thought of possibility.

[Mrs Troll]

Banks and other stock whales will get a good chance to enter very soon when GoldMan Sachs will start to trade their new stablecoin. That procedure will be more transparent and legal for them than buying a huge amount of bitcoin. We just need to wait some more...

[5ensei]

Some people were dumping when all this talk of regulation took place late last year. However, this is needed so banks will adopt cryptocurrency and governments start to embrace it. When people realise the benefits involved, there will be a huge bull run as everyone rushes in

[ClaytonLWils]

It will be great if banks start using crptocueencies and i do believe that crypto industry will go to another level and be widely accepted by people. Could you please share the full news link to know more?

[nata777]

Former head of J.P. Morgan's blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently.

"I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."

I think it will be great if this happen so. Share your thought of possibility.

I think it will be very cool and the market will respond positively, but I do not think it will be soon, because the legislation does not allow it to do so yet.

[Katabit]

It is very likely that many banks are already investing in crypto-currencies in small chunks. But they do it informally. Banks do not want to create this kind of hot news, because the price may rise. It is advantageous for them to make deals without unnecessary noise

[pranazzs]

Former head of J.P. Morgan's blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently.

"I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."

I think it will be great if this happen so. Share your thought of possibility.

This should be good news, and bitcoin prices will go up.
if I may know, when is the news published?
because the price of crypto is now red again.

[mario00]

Would not really be a surprise to see banks trading on cryptocurrencies and using the blockchain technology for their transactions because if they want to survive and be relevant for a long time to come then their best chance would be to find a way to integrate cryptocurrencies into their services.

[kingzpro]

If it really happens that is highly expected and anticipated then we will surely see huge volume coming into the market and the market will also grow exponentially as the banks and other financial institutions will bring loads of fresh money into the market. so good times are coming ahead.

[Stimah23]

This will be a great thing to happen, I can see the future of cryptocurrency shining bright if bank starting to trade cryptocurrency, I'll be glad and lucky to see this happening because it's a good one for cryptos world in general.

[CryptoRaymond]

It will be great if banks start using crptocueencies and i do believe that crypto industry will go to another level and be widely accepted by people. Could you please share the full news link to know more?

Fully agreed with you.
Here is the full news https://cnb.cx/2GuvEiz

[Classica35]

I think new revolutions are gradually setting in, so i won't be surprised if i see banks trade crypto. It has  even started long time ago. We all know that ripple is bankers coin, although it is centralized.

[batang_bitcoin]

It's already happening remember the current news about crypto trading desk by Goldman Sachs? the adoption has already started and this arm has see it coming so that's the point of that statement.

I think it will be very cool and the market will respond positively, but I do not think it will be soon, because the legislation does not allow it to do so yet.

We've been waiting for a very positive response and reaction by the community and the market. When there are this type of news, it seems that there's no effect at all but let's see and hope for the best.

[BitcoVast]

This will be a good opportunity, because J.P. Morgan's has a lot of money, very suitable to be a big investor. But I'm afraid it's just an issue, it does not come true

[hastag_80]

Former head of J.P. Morgan's blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently.

"I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."

I think it will be great if this happen so. Share your thought of possibility.

Will its a good statement that we heard from the former insider stated that major banks like her former employer could get into or transfer in cryptocurrency imminently,because banks will trade into digital currency investment,and this words would tickle in to my ears,that i've heard a  positive news coming from the big player in the blockchain,because maybe this is the time that those collaboration of banks and cryptocurrency will going on.

[WalkerIVIV]

Former head of J.P. Morgan's blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently.

"I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."

I think it will be great if this happen so. Share your thought of possibility.

It looks like this is still a speculation and the time will tell us about that. Consider from a lot of news about the banks are banning crypto and it's a big no for me. But just curious what will be happening in the future consider NASDAQ is working on the cryptocurrency trading platform. More companies just come

[JungleBadman]

I think you are probbly right. As much of a threat as Crypto is to banks, it will be less of a threat if they embrace it and evolve to be included. I think bankers are smart enough to realise this and it is only a matter of time.

[0t3p0t]

Former head of J.P. Morgan's blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently.

"I think it's coming sooner than people probably think," Amber Baldet, Former head of J.P. Morgan's blockchain arm told CNBC's "Power Lunch" Friday. "But even where the will is, the legal and regulatory framework is challenging."

I think it will be great if this happen so. Share your thought of possibility.

For me I think banks will open it's gate into cryptocurrency for investment and trading purposes because it has huge potential due to volatility and people are already getting into it. The only thing they can do about it is to regulate to avoid using of any illegal activities with cryptocurrency. A lot people prefer cryptocurrency investments rather than those that has stable value assets like real estate, stocks and dother fiat related investments.

[lukeclick]

Banks consider crypto  threat to their existence, before they get to trade it , i think they will try stop ctrypto and will only trade if left with no other option

[crzy]

Some people were dumping when all this talk of regulation took place late last year. However, this is needed so banks will adopt cryptocurrency and governments start to embrace it. When people realise the benefits involved, there will be a huge bull run as everyone rushes in

Better for the banking system to adopt blockchain technology and creating their own coin can be good preparation for a brighter future. Also government will regulate cryptocurrency if the banking system are showing interest about cryptocurrency. In the future, many banks will use this and those who first to adopt will go ahead from the others.