In the FICC of it – Cryptocurrencies: Watch This Space

As P&L’s resident cryptocurrency enthusiast I’m excited by some of the developments that have occurred in this space over the past few months, because it could signal the start of these digital assets moving towards the financial mainstream.

To help explain why I think this is such an interesting time in the cryptocurrency space, I explain how I first became interested in them after joining Profit & Loss, that I refused to buy bitcoin when it was at $1,000 because “it will never go higher than this” (it’s now at $4,300) and why recent regulatory developments could have significant implications for financial services firms looking at trading cryptocurrencies.

There are, of course, still issues and barriers to adoption for cryptocurrencies within the mainstream, but as these assets start to move onto regulated and well-understood trading venues, it could lead to a dramatic increase in trading volumes and could entice a wider range of market participants to trade these products.

As P&L’s resident cryptocurrency enthusiast I'm excited by some of the developments that have occurred in this space over the past few months, because it could signal the start of these digital assets moving towards the financial mainstream. To help explain why I think this is such an interesting time in the cryptocurrency space, I explain how I first became interested in them after joining Profit & Loss, that I refused to buy bitcoin when it was at $1,000 because "it will never go higher than this" (it's now at $4,300) and why recent regulatory developments could have significant implications for financial services firms looking at trading cryptocurrencies.

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Galen Stops

Galen Stops