Cryptocurrency trading by financial firms could increase in 2018, according to a new Thomson Reuters survey, with approximately 20 percent indicating they are considering trading cryptocurrency over the next 3–12 months. The survey was conducted among more than 400 clients across all of Thomson Reuters trading solutions, including Eikonand REDI, as well as its FX platforms.
“Cryptocurrency is still a relatively small part of the trading market, but this survey makes clear this niche segment is starting to enter the mainstream of the financial services industry. This is a major change from a year ago,” said Neill Penney, co-head of Trading at Thomson Reuters, in a statement. “The most important thing for our clients is seamless access to news and data around cryptocurrencies to facilitate informed trading decisions.”
News and information provider Thomson Reuters, whose shares are listed on the Toronto and New York Stock Exchanges, has operated in more than 100 countries for more than 100 years. Thomson Reuters financial information products and services cover both traditional and emerging asset classes like crypto assets. It currently provides prices for bitcoin and other cryptocurrencies via its flagship financial desktop platform Eikon, as well as MVIS indices and CME bitcoin futures.