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Financial exchanges still split on crypto - industry survey

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Regulated financial exchanges around the world are interested in offering crypto-related products and services, but they are concerned about the lack of uniform regulatory standards, market volatility, and cybersecurity risks.
A third of respondents to a survey by the World Federation of Exchanges said they had no plans to offer crypto assets in the future. However, 38% of exchanges have established or plan to establish on crypto-related assets or services. Just over a quarter of respondents expect crypto assets to become mainstream in the near future.

Link: https://www.channelnewsasia.com/business/financial-exchanges-still-split-crypto-industry-survey-3747131
Source: Reuters

My take on this:
Seeing traditional finance exchanges are starting to accept crypto is not just a speculative asset class and actually have some value is a good start. As we all know, we are in a bear market now, its understandable they do not want to introduce something that wont make money now to any potential clients/investor. Now imagine in the bullrun, they will definitely get alot of calls and question whether do them provide crypto. I believe it would be good for them to lay the groundwork first and finally introduce it when the market turns bull. It will really attract alot of traditional finance investor into this space which we would want, so that we have more liquidity into the market.

BTC is only 500B now compared to S&P500 37Trillion. Imagine if BTC alone goes to 2T or 3T, how will the world respond?

submitted by /u/simplicity92
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