September 23, 2020

Three bulls that can save the cryptocurrency market

Three bulls that can save the cryptocurrency market

Despite the decline of the cryptocurrency market, the long-awaited participation of institutional investors in transactions with digital assets are just around the corner. Well-known companies such as Coinbase, Nasdaq and Bakkt have already entered the mainstream, it remains only to wait until the entire digital asset market does this.

Coinbase

Recent news indicates that despitea bearish trend in the market, the company continues to accelerate the hiring of new staff. Perhaps company executives are planning to launch a large-scale project and want to be sure of a sufficient amount of labor. Over the past 6 months, the company has hired 250 employees - now they work in the company's offices in Chicago, Tokyo, Dublin and Portugal.

Rumor has it that the company is planning a jointthe launch of the Bitcoin ETF with Wallro financial giant Blackrock. Recently, the Coinbase exchange has added many cryptocurrencies to its lists, including XLM, ZEC, BAT, ZRX and ADA.

Nasdaq

According to information, Nasdaq plans to opencryptocurrency platform in the near future. This company is one of the largest trading companies on Wall Street and, given the popularity of bitcoin, it is not surprising that it wants to try its hand at cryptocurrency trading.

Nasdaq’s first step is to createanalytic cryptocurrency product this November. This is the standard principle of trading companies - first they release tools for tracking the most popular cryptocurrencies on the market, and then they launch the platform on a full scale.

Bakkt

Bakkt supported companythe owners of the New York Stock Exchange will be open this November. Bakkt will be promoting Bitcoin and other cryptocurrencies. Even before the official launch, the company’s twitter scored 30,000 subscribers from all over the world who expressed great support for this project.

The company's CEO, Kelly Loffler, has repeatedly stated that she is looking forward to the fall and that she is completely ready to go.

Finally: cryptocurrency markets are currently in decline and, apparently, the situation may become even worse before it improves. However, there is a hope that Bitcoin and other cryptocurrencies will gain even more popularity among investors using platforms Coinbase, Nasdaq and Bakkt.

According to the materials ethereumworldnews.com