According to a report, Interactive Brokers, a US foreign exchange company, will provide customers with direct cryptocurrency transactions within a few months.
On Wednesday, founder Thomas Peterffy delivered a speech at the Piper Sandler Global Exchange and Fintech Conference disclose The company chose to enter the crypto market.
Demand drives the latest cryptocurrency applications
Quoting CNBC, Peterffy implied that customer needs were the main driving force of the decision.
“Of course the customer requires [crypto trading] We hope to be ready to provide it to them before the end of the summer,” he said.
According to its website, Interactive Brokers provides traders with a variety of assets other than currencies, including stocks, options, futures, bonds and funds. As of 2019, its equity value totaled nearly US$8 billion.
The switch to encryption may feature Bitcoin (Bitcoin) First of all, Peterffy still doesn’t name a specific mark.
“As for obstacles, the biggest obstacle is how you can make your customers 100% safe,” CNBC also quoted him as saying.
“How do you ensure 100% certain that no one will steal their coins, even though they cannot be traced. We will learn more about it when we open in late summer.”
Positive news starts to affect price movements
The announcement coincides with the latest chapter in the evolution of Bitcoin into a mainstream asset class, by El Salvador’s groundbreaking fiat currency initiative.
As reported by CointelegraphA senior Bloomberg analyst said on Wednesday that Bitcoin is no longer “speculative” in nature.
Mike McGlone of Bloomberg Intelligence added that despite considerable selling pressure in recent weeks, the probability of BTC/USD hitting $40,000 next time is higher than $20,000.
After rebounding from $31,000 earlier this week, the currency pair rose by 6% on Wednesday.