The next is an excerpt from at this time’s World E-newsletter.
One other week, one other crypto challenge with huge tradfi names.
Final week, it was BlackRock asserting their bitcoin ETF, and now we’ve got a consortium involving Citadel Securities, Constancy, and Schwab launching a brand new crypto alternate known as EDX Markets.
It seems crypto is just not lifeless in spite of everything.
That’s three very huge conventional finance names becoming a member of the rising listing planting their stake within the floor in latest days, regardless of the crypto winter and regulatory pressures within the combine.
They didn’t really want to launch now. Nobody would blame them for shelving the plan and ready for calmer waters. You must assume the timing is intentional.
It’s one more bullish signal for crypto.
Will this pattern entice Jamie Dimon again into the fray?
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