Sentences with phrase «traditional finance market»

Some of the leading financial institutions within the South Korean traditional finance market are already preparing to adopt and integrate Bitcoin.

What we need in order to create an efficient and useful blockchain based platform for cryptotrading and investing is an essential traditional finance market experience combined with a deep awareness of a blockchain technology itself.

Following the end of the first quarter of 2018 on April 1, Bloomberg reported that traditional finance markets suffered their worst April start numbers since the 1929 Great Depression.

KBS and SBS, two of the biggest South Korean media outlets have reported than trading exchanges like Coinone, Bithumb and Korbit operating under the national radar have been adding employees at a record scale which has even surpassed the human capital requirement of banks and financial institutions operating in the traditional finance market.

Some of the biggest financial institutions forming a part of the traditional finance market of South Korea have already started walking in the path of Bitcoin adoption and integration.

Given that Cardano is one of the most popular cryptocurrencies on UpBit in terms of daily trading volume, naturally, as general consumers in the traditional finance market using KakaoTalk and KakaoPay move to the cryptocurrency market, the first few cryptocurrencies they are introduced to are bitcoin, Ethereum, and Cardano.

Most recently, Robinhood, the US - based financial services company that allows individual investors to invest in the stock market, announced that it is launching a bitcoin and cryptocurrency exchange, allowing investors in the traditional finance market to trade in the cryptocurrency sector.

Initially, optimism surrounding tens of billions of dollars in institutional money being moved into the bitcoin market triggered investors within the cryptocurrency and traditional finance markets to invest in bitcoin.

It is likely that by the end of this month, within the next two weeks, a wave of investors from the traditional finance market will invest in the local cryptocurrency exchange market, causing volumes to spike and the value of cryptocurrencies to increase.

According to Lee Seok - woo, the President of Dunamu, the crypto market in its present form bears a lot of resemblance to the early days of the traditional finance market.

As such, the demand for Bitcoin from investors in the traditional finance market has been on the rise, especially from institutional and retail investors.