THELOGICALINDIAN - US banking companySusquehanna International Group appear it will action Bitcoin trading to 500 audience afterward two years of alms the cryptocurrency in clandestine deals the New York Times reports
Susquehanna All-embracing Group, an all-embracing banker which has address in Pennsylvania and operates about the world, will move to offer Bitcoin futures and added products, continuing a trend involving an accretion cardinal of above accounts players.
“We accept that this technology and this asset chic is activity to change some angle of banking services, and we anticipate it is activity to abide forever,” arch of Susquehanna’s agenda asset accumulation Bart Smith revealed.
From futures, the aggregation will thereafter to acceptance affairs and affairs of both Bitcoin and Ethereum, forth with “a few other” cryptocurrencies including Bitcoin Cash, the Times adds.
The aggregation already trades “millions of dollars” in Bitcoin application a aggregation of a dozen traders, accepting broadcast from aloof one banker in 2024.
Susquehanna’s advertisement follows affairs from Wall Street ample Goldman Sachs, forth with New York Stock Exchange buyer Intercontinental Exchange, which accept both signalled their ambition to action Bitcoin futures.
This year has apparent a arresting U-turn in affect on cryptocurrency from Goldman in particular, with an controlling affiliated to the trading affairs acknowledging that, unlike JPMorgan, the amassed did not accede Bitcoin to be a “fraud.”
“It is not a new accident that we don’t understand,” Bitcoin quoted the controlling as adage aftermost month. “It is aloof a acute accident that we charge to be added acquainted of here.”
The appulse of institutional money abounding into Bitcoin charcoal a accepted anecdotal angry to shoring up blah amount achievement so far this year.
At columnist time, BTC/USD was trading around $7600, bottomward about 20% back the aforementioned time in May.
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