Thomson Reuters Survey Finds Financial Institutions & Crypto Trading Coming Together Soon

According to Thomson Reuters survey, the likelihood of companies using blockchain technology and cryptocurrencies is on a rise. Almost 20% of the participants in the survey stated that they were considering launching a cryptocurrency in the 3 to 12 months.

Thomson Reuters latest survey finds that one in five financial institutions are considering cryptocurrency trading in 2018. See what the future may hold for #cryptos here: https://t.co/5btTibMkeT pic.twitter.com/3DyehGQWII

— Thomson Reuters (@thomsonreuters) April 24, 2018

The research was conducted with more than 400 clients among platforms and products like Eikon, REDI and FX Platforms. 70% stated that they would like to do so in the 3-6 months and 22% of the surveyed would start in the next 6-12 months. This indicates that cryptocurrency trading is becoming a trend even among traditional companies.

Cryptocurrencies To Grow In The Future

This survey indicates that the market is considerably more open to cryptos now than it ever was in the past. The co-head of Thomson Reuters, Neill Penney, has explained that cryptocurrencies will stop to be a niche market in the future as more and more traditional companies start to use them.

If the trend does start to take traction, there is a big chance to see even more companies starting to use the blockchain technology and create their own cryptocurrencies.