Wall Street has helped eliminate one of bitcoin's biggest problems, and it could fulfill 'Sa
Many crypto enthusiast long for a day when bitcoin will replace the entire financial system. But in the meantime, Wall Street might actually be helping the digital asset's long term adoption, one firm says. New data from SFOX, the cryptocurrency trading technology firm, shows that 2018 has witnessed a drop-off in price variations on digital asset exchanges. The firm argues that trend is tied to the entrance of large Wall Street firms into the market, which makes it more stable.
"Before institutional firms were actively trading crypto or heavily involved (before 2018) bitcoin price differences between exchanges varied as high as 4.5%," said Danny Kim, head of growth at SFOX. Now price differences are no more than one tenth of one percent, according to SFOX.
