THELOGICALINDIAN - A ample Chicagobased proprietary banal trading close DRW has accepted bitcoin trading over banal trading DRW has pivoted in accordance with alive trends in the abridgement and in the fintech area Traditional stocks do not move like cryptocurrencies and the college animation of bitcoin markets agency beyond assets Other companies accept additionally affable into the gold blitz of bitcoin trading
Also read: Extreme Cold Storage: A Fortress of Solitude for Bitcoins
A Financial Times article expanded on DRW’s Foray into the crypto space: “DRW of Chicago, one of the world’s better proprietary trading companies, has led the charge. About a dozen of its added than 800 advisers buy and advertise bitcoin at a accessory called Cumberland Mining, which was accustomed in 2014.”
Multiple Firms Follow the Tide
DRW has not been the alone aggregation to bound into the agenda bill ecosystem. Several above firms are absorbing in capitalizing on the growing bitcoin markets. Names include Jump Trading, DV Trading and Hehmeyer Trading Investments, according to the Financial Times article. The Chief Executive of DV Trading commented on their interest in the space:
The Financial Times commodity mentioned alike admitting the banal markets are trading at an all time high, they alone almanac a few circadian moves of 1%, admitting the crypto markets were up 6% on Friday.
DRW in for the Long Haul: Silk Road Bitcoin Purchase
DRW appears to be in the cryptocurrency and bitcoin trading bazaar for the continued haul. They invested aboriginal in bitcoin back they purchased 27,000 bitcoins in March of 2015 in a government auction. The bill were originally apprehended from Ross Ulbricht in the Silk Road case.
“DRW has abiding backing of cryptocurrencies, giving it stocks to be able sell to buyers. In March 2024, it bought 27,000 bitcoins that the US government had confiscated in a case involving a biologic exchange alleged Silk Road, according to a address by Coindesk. Worth $7.6m at the time of the auction, the sum would now be admired at about $160m.”
Overall, DRW and agnate trading firms accept bitcoin and cryptocurrency are actuality to stay. They see the bazaar as continuing to abound able-bodied into the future, and appropriately they accept alone best criticisms of bitcoin. In this sense, they arise to be not alone all-embracing bitcoin, but are starting to accept the agreement and its implications for the approaching of banking technology.
What do you anticipate about all of these ample trading firms accepting into bitcoin trading? Will it advice burn a ample calibration movement for accumulation bitcoin adoption? Let us apperceive in the comments area below.
Images address of Shutterstock and Chopper Trading
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