Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest

[oksgvardukraine2018]

Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest
According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market.

Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporations in the traditional finance sector, said in an interview with Forbes contributor Billy Bambrough that the vast majority of banks are healthily skeptical and curious about crypto.

She explained that banks have started to acknowledge the need to invest in the market to keep up with developments in the cryptocurrency and blockchain space, but are currently awaiting the green light from regulators and financial authorities.

Goldman Sachs, Citigroup, and Morgan Stanley on the Sidelines
As CCN reported, Goldman Sachs, Citigroup, and Morgan Stanley, three of the largest investment banks in the US, have already developed a wide range of products including a trusted custodian solution to serve institutional investors in the cryptocurrency market.

Morgan Stanley is said to have developed the infrastructure required to provide complex derivatives tied to Bitcoin, with the plans of launching Bitcoin swap trading as soon as the bank sees enough demand from institutions for crypto.

To remain relevant in the fintech space and connected to the cryptocurrency space, Harding said that banks are closely working with newly emerging fintech companies to study the cryptocurrency market and will soon allocate capital into the asset class.
https://www.ccn.com/expert-banks-are-enthusiastic-towards-crypto-waiting-for-regulators-to-invest/

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[befriendmywater]

I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.

[ss890]

Amazing. This was supposed to happen one day and even if this news is just coming out of the thin air then also it will be very much true after near future. Banks are operating with the full efficiency right now but banks will also explode one day because of too much economic stress on them and they will be requiring huge amount of third party supports to make them work even more efficiently. I guess this is the time when blockchain will be remembered profoundly and more and more crypto currencies will be used to fulfil the ever dragging situation of the financial system. This can only happen when they invest into the crypto currencies as the news said, this will surely go hand in hand one day.

[davis196]

Yeah,the banks are just waiting to pump the crypto bubble,take the big profits and dump it.While they dump the crypto bubble,they will blame all crypto users,the governments,the universe and God,but it will be their fault.
The bankster hypocrisy never ends...

[maarx]

Every business finally looks after profits and subject that leads to profits. After crypto's success, turning investors towards crypto currencies, banks are lacking back of investors and profits. As improvement is deadly required in their platform and hence they look for other choice where unexpected return is piling up. Finally they had to plan ahead and draw the roadmap. Crypto currencies is leading the currency market and now the banks know where to move about and they started doing so. No surprise though.

[dothebeats]

As always, they are just waiting for the maximum leverage they can get before entering. This is a common strategy of the banks, I must say, though some of them are already invested for sure, just not that highly publicized in order to not compromise their positions. Once regulations are in place and once more and more people are in the field, see how one by one these guys announce their involvement and 'pleasure' on investing in cryptocurrencies.

[gantez]

There waiting for regulation for me is going to be futile if the ones not yet invested keep waiting for a regulation because it might take longer than expected. I'm sure that they are already investing but secretly and individually - I mean their personal or workers.

[1Referee]

There waiting for regulation for me is going to be futile if the once not yet invested keep waiting for a regulation because it might take longer than expected. I'm sure that they are already investing but secretly and individually.

I have no doubt about the presence of certain wall street banks in this space as we speak, and they may have been here for years already.

Since when do wall street banks care about regulatory approvals to bank on emerging markets or other aspects of a market? Throughout the last decades they have done nothing but breaking the rules, where in some cases they just pay whatever the fine is as result of that. They don't care. It's 5x profit 1x fine, and they keep repeating that till they implode (whenever that may be).

If you take into consideration how unregulated this market still is, and how much profitability there is to feast on, banks are complete nutters to not invest and trade through proxies. By the time the media reports that banks are slowly entering the crypto space, know that they are on board already and that the increase is caused by dumb money buying the news.

[tweetbit]

They can’t do anything about cryptocurrency popularity that they won't have any other choice, but to recognise and adapt or the future of blockchain technology will turn them into pieces and backlash from investors will drag them into their graveyard.

Soon after the worldwide regulations, the banks will surely implement storage of cryptocurrency on their system. But no doubt bankers executives and investors are also involved in our market.

[sunanbonang]

I am quite happy to hear this news, I hope this news does not lie to boost crypto popularity. when they start running their plans it might be a good start for bitcoin, I can't wait for that.

[Kevin77]

Yeah,the banks are just waiting to pump the crypto bubble,take the big profits and dump it.While they dump the crypto bubble,they will blame all crypto users,the governments,the universe and God,but it will be their fault.
The bankster hypocrisy never ends...

As usual, isn't it? The same banks who claimed to know so much about cryptocurrency being a scam and no sane person should be a part of it throughout last year, are the same category of people trying to accumulate the dips now and trying to instigate that there is a huge future now. Like it is something we do not know already and I have always pitied people who usually listen to them. The same people, who have been stealing from them in years, are the same people who want to be stealing from them again, and the funniest part is that they just give them the chance to do so.

I am not surprised as I have always been imagining this from the start. Banks would obviously not want to lag behind and they will do anything to evolve with the way things are going with money, so looking at the way most of the financial institutions have been getting involved for a while now, it is obvious that banks want in on some action to at least benefit a lot from this space.

I would say the era of seeing the banks trying to come out to rubbish the space is going to pass eventually and we are getting pretty close. Developing a wide range of products by most of the top banks shows some good prospect in the long run.

[primer61]

Of course it looks like the banks finally recognzed that they`re losing profits by ignoring Crypto sphere, but nevertheless I`m curious, is there anything positive in this kind of integration?
Doesn`t it mean increasing adoption rate and less volatility?

[peter0425]

Yes, for me there's some truth about it. Banks are here to make money so they're probably waiting in wings to pounce and milk crypto if in case regulations will be put into place. So having regulations has its bad and good effects as well. So let's see if this theory is correct, let's wait if there will be regulation that will make them feel confident in the market to secretly put big investments as well.

[hxtop]

Banks buy money and sell money. It was impossible for them not to be interested in crypto. The banks are for money  almost there and they will quickly works if the regulations are realized about crypto.

[Lorna111]

I am kind of skeptical but I don't really trust those investment banks. Yes, it may seem great as this means major recognization in global platform. But it rises highly probable chance of another bubble.

    Change is inevitable for all us, the people, government, financial institution, and the Banking institutions had to adopt with these Changes in the Market, the entry of Crypto Currency Digital Transaction into the market create a lot question rather than acceptance. This is one of the reason we often see in the news that the Government are opted to Regulate the Crypto Currency Market before a total acceptance into the main stream market globally.

[Brunus]

That the banks are studying the crypto is very likely.
But until there are clear rules, they will hardly enter the market, at least on an official level.
However, these are articles that only serve to attempt to manipulate the market.

[Semosuchi Tesongrato]

As usual, journalists write without knowing what they are talking about.
It is obvious that the banks are observing the crypto world, also because they feel threatened.
Equally obvious that some investment - perhaps not too obvious - they did.
You will see better when the rules will be clearer.

[Ridwan Fauzi]

I think if many banks really invest in cryptocurrency it would be another whales in this market, a bank will spend a lot of money to save on crypto's.

It is a good step if cryptocurrency and banks are in close proximity, these two places have a vital function in human life, either now or in the future.

So as it won't be a discussion about cryptocurrency will replace the banks or another idea that will make someone pro against one of the cryptocurrency and banks and contradict one of them.

[omonuyak]

Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest
According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market.

Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporations in the traditional finance sector, said in an interview with Forbes contributor Billy Bambrough that the vast majority of banks are healthily skeptical and curious about crypto.

She explained that banks have started to acknowledge the need to invest in the market to keep up with developments in the cryptocurrency and blockchain space, but are currently awaiting the green light from regulators and financial authorities.

Goldman Sachs, Citigroup, and Morgan Stanley on the Sidelines
As CCN reported, Goldman Sachs, Citigroup, and Morgan Stanley, three of the largest investment banks in the US, have already developed a wide range of products including a trusted custodian solution to serve institutional investors in the cryptocurrency market.

Morgan Stanley is said to have developed the infrastructure required to provide complex derivatives tied to Bitcoin, with the plans of launching Bitcoin swap trading as soon as the bank sees enough demand from institutions for crypto.

To remain relevant in the fintech space and connected to the cryptocurrency space, Harding said that banks are closely working with newly emerging fintech companies to study the cryptocurrency market and will soon allocate capital into the asset class.
https://www.ccn.com/expert-banks-are-enthusiastic-towards-crypto-waiting-for-regulators-to-invest/

This is good news as we are all waiting for the adoption of cryptocurrencies by institutional investors and bankers to come into the cryptocurrencies market.  If governments can come up with some regulations flamwork that can assist investors make an informed investments decision I think cryptocurrencies will become a wonderful things.

[Pab]

Sure big banks and financial institution want to make money
Crypto market is great way to do that
Because of that banks will force to regulators to  give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service