RATE Group | Crypto Trading Head: Cryptocurrency Is ‘Turning the Corner From Wild West’
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Crypto Trading Head: Cryptocurrency Is ‘Turning the Corner From Wild West’

02 Oct Crypto Trading Head: Cryptocurrency Is ‘Turning the Corner From Wild West’

Posted at 07:35h in Cryptocurrency News by

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A new voice from US big finance has added his weight to the increasing evidence institutional investors are corning the newly-stabilized cryptocurrency market.

Cho: ‘Professionalization Is Happening’

Speaking to Bloomberg on October 1st, Bobby Cho, global head of trading at Cumberland, the crypto division of trading and investment firm DRW Holdings, said the market was “turning the corner” from its “Wild West” early years.

Amid talk of multiple Wall Street firms preparing Bitcoin trading opportunities, entities such as hedge funds are the major purchasers of coins in the latter half of 2018.

“What that’s showing you is the professionalization that’s happening across the board in this space,” he told the publication.

Despite Bitcoin (BTC) 00 entering a noticeably less volatile chapter in its short history this year, attitudes are still changing rapidly among those looking to enter the market on larger volumes.

Bobby Cho

As recently as July, commentators from the financial…

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