Bitcoin price may be down this time around, but it doesn’t seem out. Experts believe that the regulatory clampdown being implemented on the entire crypto market today is in preparation for the entry of whales.
And now, Deutsche Boerse which is a German stock exchange operator is now looking deep at work on evaluating whether or not they should be offering bitcoin futures along with other crypto-related products.
Though they are having hesitations to enter the market, this is something normal. Jeffrey Tessler who works as Deutsche Boerse head of clients mentioned that “before we move forward with anything like Bitcoin, we want to make sure we understand the underlying transaction which isn’t the easiest thing to do”. He also added that “we want to understand the volatility and make sure clients are in line and make sure regulators are in line”. He also said that “we are deep at work with it”.
CME which is the company’s Chicago-based rival and today’s market leader in regulated bitcoin futures trading now plans to even diversify and would want to gauge the interest of their market when it comes to Ethereum future products. As far as the German stock exchange company is concerned, they are not yet on the same page in terms of comfort in dabbling in Bitcoin.
NYSE and Nasdaq
In the US, there is a growing number of institutional investors showing interest to the crypto market. Nasdaq and NYSE are now looking closely at the possibility of listing cryptocurrency products. NYSE is even rumored of having a full-fledged cryptocurrency exchange.
And also, it has been reported that Goldman Sachs and other institutional investors are now looking to enter the crypto market.
What could this bring to the table? This could potentially mean that there will be a large influx of capital headed towards the cryptocurrency market. If things work out well, it is possible that there could be another bullish run. But of course, there should be regulatory changes first. And for this reason, the increased clampdown by both US and Canadian regulators recently may not actually be a bad thing after all.
Crypto Exchange Services for Whales
A Germany-based company VPE Wertpapierhandelsbank AG announced that they are going to cater to institutional investors. It claims to be the first of its kind to offer institutional investor cryptocurrency trading services. According to its spokesperson Katharina Strenski, “until now, institutional investors have faced high entry barriers to crypto trading. Our cryptocurrency trading services offer a much more convenient alternative”
She later detailed that “cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and others have become a promising asset class in recent years”. She added that “To date, trading digital tokens has been restricted to crypto exchanges and online marketplaces. We are pleased to be the first German bank to offer our customers cryptocurrency trading services”.
Given these reports, are we going to see a future wherein more institutional investors are at play? Despite the negative comment of prominent names in finance and tech such as Warren Buffet and Bill Gates regarding the crypto market, it seems that many are still interested in this venture and are willing to take the risk.