June 19, 2024

Trend: The crypto business is increasingly coming to the world of classical financial services. Deribit spoke about a new trend

The research division of the Deribit crypto exchange presented a study that focuses on howcryptocurrency business starts more and moreBecome a provider of those financial services that are usually in the field of classical finance. According to analysts, any company in the cryptosphere will soon have a “gentleman's set” of services, which will include themselves:

  • cryptocurrency deposit accounts,
  • a set of options for financial transactions,
  • as well as tax payment services with cryptocurrencies with automatic conversion of cryptocurrencies into ordinary cash and transferring them to the state budgets.
  • Deribit notes that cryptocurrency companieswhich currently offer interest on deposits in Bitcoin compare favorably with American and European banks, which offer rates on deposits in US dollars and euros that are either close to zero or, as is already happening in Germany, below zero, i.e. negative. There are no grounds for an increase in the yield of deposits in the US and the EU, since the US Federal Reserve and the ECB are focused on continuing their policy of lowering interest rates.

    All this brings people to cryptocurrencies,particularly in stablecoins, which is something investor Michael Arrington is highlighting. He notes that stablecoins, which are pegged to the US dollar, have already become de facto “digital dollars” while the same ex-CFTC head Christopher Giancarlo is trying to convince his former colleagues in the power vertical in the US that the state “ digital dollar" Washington should have launched yesterday.

    Deribit believes the global financial worldwill undergo drastic changes in the next two years: so far, small start-ups in the cryptocurrency sector, which will become cryptocurrency credit organizations with multi-billion capitalization, will play a key role in world finance, and cryptocurrency unicorns will become one of the main objects of investors' admiration.

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