According to stock exchanges, cryptocurrencies will dominate the market in 5 years

According to stock exchanges, cryptocurrencies will dominate the market in 5 years

September 5, 2023 – 16:18

Stock and futures exchanges around the world believe that these assets will go mainstream across the economic arena in less than five years.

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The World Federation of Exchanges surveyed more than 30 stock exchanges and futures exchanges about their relationship with crypto assets. 41% of the exchanges consulted by the World Federation of Exchanges (WFE) say that they will soon offer services with crypto assets.

According to the organization that surveyed some thirty traditional financial product exchange houses, 5 out of 19 consulted stock exchanges (26%) expect cryptocurrencies to scale in the market. At the same time, at least 12 of the surveyed exchanges (41.3%) revealed that they already offer crypto-related products.

Another 41% stated that they intend to offer cryptocurrency-related assets and services in the near future. “In other words, merchants can use cryptocurrency as a payment method to trade publicly traded products,” the trade association survey noted.

The WFE, which brings together more than 250 members around the world operating in more than 90 countries, determined that there are at least eleven categories of products and services related to cryptocurrencies that are already being offered on the various stock exchanges.

Source: Ambito

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