Vice President of Investments for the venture capital firm Digital Currency Group has recently commented that they expect Wall Street to start getting involved with crypto during 2019. Travis Scher told Business Insider during an interview that the properly regulated and secure infrastructure that expert investors require will become a reality during this year.
Owner of the New York Stock Exchange, Intercontinental Exchange, is one of the many traditional finance players currently influence people to adopt cryptocurrencies. As they continue to develop onramps to make crypto accessible for Wall Street investors. gaining trillions involved with the market.
Cboe Global Marketing, DCG, DRW Holdings, TD Ameritrade, and Virtue Financial are all exchanges that have based crypto trading for major crypto coins such as Bitcoin and Ethereum.
An upcoming crypto platform from ErisX Exchange, which is slated to launch sometime during the first half of 2019, will launch with a number of investment options throughout the year. According to TD Ameritrade’s managing director of futures and foreign exchanges, J.B.Mackenzie, clients will be capable of trading physically backed crypto future, such as Bitcoin, Ethereum and Litecoin.
Scher is also a firm believer that the video game industry will help further increase the adoption of cryptocurrency during 2019.
Scher had this to says,
“Venture capitalists should be paying attention to the ones that are building platforms and developer teams, companies that are not creating just one game but are building several developed business models that can succeed.”
As bold as this statement may be, Sher may be right about this 2019 becoming the year Wall Street investors may heavily become involved with cryptocurrency. Plenty of large exchanges have been prepping themselves and are ready to launch their own crypto exchanges to help investors seamlessly transition into digital currency.
Do you think Sher prediction might come true?
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