In the latest survey by investment bank JPMorgan Chase, professional traders are looking to increase their crypto trading volumes in the next 12 months. Despite the recent market volatilities that caused major blowups in the sector, there is a positive outlook, particularly among institutional investors.
The survey, dubbed ‘‘the e-trading edit,’’ collects predictions globally for the next year from institutional crypto traders. Among the 835 institutions polled, 100% predict that they would bolster their electronic trading activities in cryptocurrencies, derivatives, and commodities.
When asked whether they plan to engage in any crypto activity this year, the respondents gave conflicting views. 72% said they had no such plans, 8% were currently trading, and 14% planned to join the space in the next five years.
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