Cryptocurrency-Friendly Banks

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April 6, 2023

As cryptocurrencies gain more mainstream attention and adoption, institutional investors are looking to enter the market. But what infrastructure is required for these investors to buy and hold digital assets? This article provides an overview of the service providers and intermediaries involved in institutional trades of digital assets, as well as an interview with BBVA Switzerland’s Head of Client Solutions on their approach to offering digital assets to their clients.

What happens if a professional investor decides to buy cryptocurrencies directly? What service providers and intermediaries will be involved in that transaction?

This section focuses on the infrastructure stack that institutional investors required in order to invest in digital assets. An overview of the main banks that facilitate institutional trades of digital assets across the globe is presented in ecosystem maps.

Figure 1: Professional Investor Ranking of Each Geographic Jurisdiction’s Investment Worthiness for the Incorporation of Blockchain-based Financial Products and Companies

Insider Insight Interview with Silvia Ibarra, Head of Client Solutions at BBVA Switzerland

What kind of digital assets does BBVA offer to its clients?
In 2021, BBVA through its subsidiary in Switzerland incorporated the two most important protocols of the cryptoasset market in its value proposition, Bitcoin and Ethereum. The robustness of the Swiss banking system together with a regulatory framework in DLT allows us to be 100% aligned as players in this new space.

Is that for Europeans only?
Thanks to the open architecture of our service, our clients are mainly located in the geographies where BBVA is present. We have detected a strong appetite for cryptocurrencies among Latin America and Europe private banking investors, who want to diversify their investments, from private clients to institutional investors.

Do you have clients explicitly requesting access to cryptocurrencies or digital assets? What’s the sentiment?
The service is exclusively designed for clients seeking diversification in this type of assets and who want to personally manage their portfolios. The main advantage of this service is that they are able to integrate the management of their traditional portfolio with the digital one, while belonging to a bank with international presence, regulated and with more than 150 years of history. In addition, we find that the investor profile that is interested in this type of asset does not respond to a specific age, geography or wealth level, but rather we are increasingly finding a more diverse client profile that is very interested in emerging technology and new trends.

Does BBVA have BTC and ETH products? Any other products planned for the year ahead?
For BBVA Switzerland, the correct direction is more important than speed. We started with the two most important protocols on the market which are also complementary and, of course, we will gradually incorporate new services adapting to the advances in technology, with the most absolute responsibility, always looking for a solid rationale for customers. Large Banks will be able to guarantee the proper and serious transition in a way where technology will be the catalyst to achieve new goals for the finance industry.

Figure 2: Banks that work with Crypto & Blockchain

The adoption of digital assets by institutional investors is an important development in the cryptocurrency space. As more service providers and intermediaries enter the market to facilitate these trades, it will become easier for institutional investors to gain exposure to this emerging asset class. BBVA Switzerland’s approach of starting with the two most important protocols and gradually incorporating new services shows a responsible approach to the adoption of emerging technology in the finance industry.

This article is an extract from the 70+ page Institutional Demand for Cryptocurrencies Survey co-published by the Crypto Research Report and Cointelegraph Consulting, written by multiple authors and supported by Flow Trader, sFox, Zeltner & Co., xGo, veve, LCX, Finoa, Lisk, Shyft, Bequant, Phemex, GMI.

Options as a Tool for Cryptocurrency Investors

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Crypto Research

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March 30, 2023

Options are an important tool for investors to manage volatility risks, and the cryptocurrency market is no exception. While the volume of options traded is still lower compared to futures, there is still significant potential for growth, as shown by the ongoing downtrend in at-the-money implied volatility for both Bitcoin and Ether. This could indicate that the market is maturing and attracting more institutional participation.

Options are one of the most important instruments for investors to hedge against unexpected volatility. Just as with futures, there are some options on digital assets that are issued by traditional institutions and others by cryptocurrency exchanges. Of those, Deribit is by far the most important. More than 95% of all cryptocurrency option trading activity happens on this exchange. The monthly volume of options transactions was between $10 billion and $20 billion for Bitcoin and between $5 billion and $15 billion for Ether-denominated options in 2022.

As you can see, the volume of options traded is about two orders of magnitude lower than that of futures. In traditional financial markets, the ratio of futures volume to option svolume is around 3.9.29 This indicates that derivatives options have a long way to go and represent the vast potential for growth.

An interesting picture emerges if we look at at-themoney implied volatility. This is a representation of future volatility that traders expect. We can see a slow but steady downtrend in ATM implied volatility for both Bitcoin and Ether. A notable exception is the peak in May 2022 following the demise of LUNA.

This ongoing downtrend is the hallmark of maturing markets and better hedging, which could be indicative of more institutional participation.

Bitcoin ATM Implied Volatility

If we reconsider the chart overlaying Form 13F filings with Bitcoin’s price, we can see that institutional interest is driven by price. When Bitcoin outperforms all other asset classes, even institutions are willing to look past the regulatory uncertainty and volatility and want to get in. But digital asset prices have been mostly sideways or negative YoY.

The cryptocurrency options market has significant potential for growth, as shown by the increasing institutional interest and ongoing downtrend in implied volatility. While the volume of options traded is still lower compared to futures, this could change as the market continues to mature and attract more investors. As such, it will be interesting to see how this market develops in the coming years and what opportunities it presents for investors looking to manage their risks.

This article is an extract from the 70+ page Institutional Demand for Cryptocurrencies Survey co-published by the Crypto Research Report and Cointelegraph Consulting, written by multiple authors and supported by Flow Trader, sFox, Zeltner & Co., xGo, veve, LCX, Finoa, Lisk, Shyft, Bequant, Phemex, GMI.

Future Markets for Digital Asset

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Crypto Research

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March 24, 2023

Digital asset futures have become increasingly popular among professional traders due to their liquidity and market sentiment indicators. Perpetual swaps, which are never settled, dominate the digital asset futures market. Open interest, a measure of active futures positions, has increased significantly over the past year, particularly during bullish periods.

Digital asset futures are almost exclusively perpetual swaps (mostly called perpetuals or just “perps”), which means they are never settled.

Open interest is a great measure of future liquidity. Open interest measures the value of active futures positions held. It increases when more contracts are opened than closed on a specific day. Looking at the development of open interest shows peaks during bull markets in the spring and winter of 2021. The overall level has increased by about 30% in 2022 compared to last year and by more than five times from 2021 to the year before.

Open Interest of Bitcoin Futures

Comparing the liquidity of futures to the spot market reveals why derivatives are so attractive to professional traders. Spot markets offer a fifth to an eighth of the liquidity of derivatives markets for Bitcoin and a quarter to a fifth for Ether.

The volume of traded Bitcoin futures is between $1.5 trillion–$2 trillion worth in any given month, about slightly less than half of that for Ether. Compared to the traditional futures market, where a multiple of this is traded every day, it is a small change.

Bitcoin Spot to Futures Volume

Another important metric to consider is funding rates. Perpetual funding rates indicate the market sentiment. Put simply, positive funding rates mean long traders pay short traders so that the price of the perpetual aligns with the spot price. If funding rates are consistently positive, markets are bullish. Consistently negative funding rates are found in bear markets. Both Bitcoin and Ether funding rates have been hovering around 0%, which aligns perfectly with the slowdown in institutional interest from Form 13F filings and inflows into digital asset funds.

As the digital asset market continues to evolve, perpetual futures are becoming an important tool for professional traders seeking liquidity and market sentiment indicators. While Bitcoin and Ether dominate the digital asset futures market, other cryptocurrencies such as Ethereum Classic, SOL, XRP, Tether, and BNB are also gaining traction. As the industry continues to grow, it will be interesting to see how digital asset futures evolve and what new metrics and indicators traders will use to inform their strategies.

This article is an extract from the 70+ page Institutional Demand for Cryptocurrencies Survey co-published by the Crypto Research Report and Cointelegraph Consulting, written by multiple authors and supported by Flow Trader, sFox, Zeltner & Co., xGo, veve, LCX, Finoa, Lisk, Shyft, Bequant, Phemex, GMI.

What derivatives exist for the crypto market?

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Crypto Research

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March 16, 2023

The rise of institutional investors and the growth of the crypto derivatives market are mutually reinforcing and indicate a sign of maturation in the industry. Derivatives provide an important building block for efficient market participation, particularly for institutional investors, offering more liquid trading instruments and allowing traders to express their positions more granularly than in spot markets.

The increasing participation of institutional investors and the growth of the crypto derivatives market are mutually reinforcing and indicate maturation. Derivatives are an important building block for efficient market participation and are of particular importance to institutional investors.

Derivatives offer a more liquid trading instrument that frequently allows positions with up to 100x or even more in leverage. Together with sophisticated takeprofit and stop-loss parameters, they allow traders a much more granular expression of their positions compared to spot markets. Liquidity in derivatives is five to 10 times that of spot markets on any given day, depending on what type of derivative and what type of digital asset is considered, according to The Block.

Digital asset derivatives come in the form of futures and options, for the most part. More advanced constructs have included non-deliverable forwards, which is a money market instrument. Some crypto native derivatives have also been developed. Squeeth is one such example and offers perpetual swaps following the price of ETH squared. We will discuss futures and options here.

Digital asset derivatives have some notable differences from their traditional counterparts. One main difference is market opening times. The Chicago Mercantile Exchange (CME) closes on weekends and for a quarter hour every day, whereas other crypto exchanges offer derivatives trading 24/7. The CME also issues futures on Bitcoin, which are available for trading only during market opening times.

Since crypto exchanges like Binance are not subject to the same level of regulatory scrutiny as the CME and other traditional issuers of financial instruments, the exact legal underpinnings of digital asset derivatives are somewhat vague until regulators close the gap.

Despite the benefits of digital asset derivatives, there are notable differences from their traditional counterparts, including market opening times and regulatory scrutiny. While crypto exchanges like Binance offer 24/7 trading, the exact legal underpinnings of digital asset derivatives remain somewhat vague until regulators close the gap. Nonetheless, the continued participation of institutional investors and the growth of the crypto derivatives market suggest continued maturation of the industry.

This article is an extract from the 70+ page Institutional Demand for Cryptocurrencies Survey co-published by the Crypto Research Report and Cointelegraph Consulting, written by multiple authors and supported by Flow Trader, sFox, Zeltner & Co., xGo, veve, LCX, Finoa, Lisk, Shyft, Bequant, Phemex, GMI.

Rent Minting Hardware and Collect Token Rewards with LFi

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Crypto Research

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March 16, 2023

LFi decentralized platform has launched its new Cloud Minting Program, which aims to provide people with an innovative way of generating earnings, rewards, and benefits in the crypto space.

Minting only used to refer to the process of stamping metal to make a coin. The definition is still the same in the crypto world. But since everything is digital in that space, the coins or tokens that are minted are digital as well.

Minted tokens are taken out from the total supply and added to the circulating supply.

What are the benefits of minting? Why are people interested in minting LFi tokens? Let’s discover it in this blog post!

How Does Minting Work?

Minting in the crypto space is much more complex than stamping metal. Coins or tokens are created when users authenticate data and add new blocks of information onto the blockchain. A noteworthy point is that newly created virtual assets are made available for trading in the market. The Proof of Stake consensus mechanism is a key feature of the token creation process, as it involves the formation of blocks through staking.

The participants who take part in the creation of crypto tokens are known as validators. An essential aspect of the crypto minting process is its decentralized nature, which means that individuals interested in creating tokens do not rely on a central authority or intermediary to validate transactions and create new tokens. Instead, transactions are validated by a distributed network of participants who collectively maintain the integrity of the blockchain network.

Next-level Minting with LFi

High-powered hardware with large disk space and computing power is essential to accomplish this task. The LFi Cloud Minting will remove the necessity of have an actual hardware at your house. Here, everything takes place in the cloud, with the help of cutting-edge minting hardware that is placed in a remote location. All you need to do is select a program available on the website of LFi partners and choose the cloud minting program you prefer.

What is new about this new version of the Cloud Mining?

The rental agreement license is registered using NFT – non-fungible token. One NFT is generated for each license and this license allows an optimization of the service through the hard rate of the NFT itself and of the platform. The new Cloud Minting has more variables and can be associated with the hardware minting units that you purchase and manage from your home.

You as a customer can see the hardware’s location, IP, number and working status.

How to start to mint LFi token? Discover here: https://white-paper.lfi.io/lfi-minting/how-to-start-minting

https://lfi.io/

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Staying Informed About The Latest Innovations In The Crypto World: 4 Handy Tips

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Crypto Research

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March 14, 2023

The cryptocurrency world is one of the fastest-growing industries in the world right now, which can sometimes make it difficult to keep up with all the news and changes on the horizon. Moreover, thousands of innovations, updates, and breaking news come up every week. Although it may feel overwhelming at times, and you may be unsure which news you should pay attention to, there are some simple ways to stay on top of everything that is going on. This will help you maximize your chances of success and reduce risks. Below you will find a few handy tips that you can use to stay informed about the latest updates in the crypto world.

Read Crypto Blogs

There are plenty of great crypto blogs that you can find online to keep up-to-date with the latest news. You may also find some tips and tricks to take advantage of and improve your strategy. Many people in the crypto world are willing to share their opinions and offer advice to new investors. As a result, you may get the chance to learn more about choosing a crypto platform or analyzing different factors to achieve success. In most cases, bloggers often interact with readers, so you can ask questions and participate in a crypto community.

Sign Up For Online Courses

Cryptocurrency courses are a great way to enhance your knowledge of cryptocurrency and blockchain technology. This way, you will have the opportunity to explore the real-world capabilities of cryptocurrency and understand how different institutions are adapting to its emergence. Check out this cryptocurrency short course, which is designed to help you learn how to think critically about cryptocurrency projects. You will also learn more about decentralized applications and Initial Coin Offerings, as well as what you can do to maximize cryptocurrency security.

Learn About Different Investment Strategies

It’s important to explore different strategies, especially when first starting out. As a result, you are more likely to learn about new trends that can help you advance. This way, you will be better equipped to make investment decisions based on what is currently happening in the crypto world. You will learn what to invest in, when, and how much. When looking for the right strategy, it’s important to consider the benefits and risks you may find. Also, you should think about your expectations and goals.

Diversify Your Portfolio

Building a well-balanced portfolio is essential if you want to stay informed about new investment opportunities and cryptocurrencies with all kinds of uses and objectives. For example, looking for smaller crypto tokens that can offer greater potential may be helpful. Another key benefit of diversifying your portfolio is that there will be less risk, as you won’t depend on the success or failure of a single cryptocurrency. This means that you might be able to invest more in higher-risk projects, which can offer better returns. However, you should make sure that you do plenty of research while building your portfolio.

TradFi M&A With Crypto

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Crypto Research

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March 9, 2023

Institutional investors have various options to gain exposure to the cryptocurrency market, including investing in blockchain companies through traditional routes such as seed, VC, growth stage private equity, or mergers and acquisitions. This approach offers a better understanding of legal, accounting, and tax implications in comparison to direct investments in cryptocurrencies.

Apart from directly purchasing digital assets, institutional investors can gain exposure to this market by investing in blockchain companies via the traditional routes of seed, VC, growth state private equity or mergers and acquisitions. The advantage of investing in a blockchain company is that the legal, accounting and tax implications are well understood in comparison to the mirky gray area associated with directly purchasing cryptocurrencies.

Top Banks, Asset Managers and Payment Companies Investing in Crypto and Blockchain Companies

We can see that many major banks have invested in either blockchain infrastructure companies, such as Fireblocks, cryptocurrency exchanges, such as Gemini, or analytics companies, such as Amberdata. The trend is clear in what types of companies are being invested in — compliance, custodial, and infrastructure. The trend is clear in what types of companies are being invested in – compliance, custodial, and infrastructure.

Top Public Companies Investing in Crypto and Blockchain Companies

In addition to banks, global technology giants are also investing in blockchain and crypto companies. The most active investors include household names such as Samsung, PayPal and Google’s parent company, Alphabet. Apart from blockchain developer companies, such as Layer Zero, Immutable and Talos, digital asset custodians, such as Fireblocks or Anchorage, were popular choices, as were GameFi powerhouses like The Sandbox and Dank Bank.

Investing in blockchain companies offers institutional investors a well-understood legal, accounting, and tax framework. This approach has attracted major banks and technology giants who have invested in compliance, custodial, and infrastructure companies. As the crypto market continues to evolve, it is likely that more traditional investors will look towards this route to gain exposure to the market.

This article is an extract from the 70+ page Institutional Demand for Cryptocurrencies Survey co-published by the Crypto Research Report and Cointelegraph Consulting, written by multiple authors and supported by Flow Trader, sFox, Zeltner & Co., xGo, veve, LCX, Finoa, Lisk, Shyft, Bequant, Phemex, GMI.

Financial Disclosure of Cryptocurrency Holdings

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Crypto Research

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March 2, 2023

Understanding institutional interest is a key aspect of analyzing the cryptocurrency market. Digital asset fund performance reflects this dynamic accurately, as can be expected. Ecosystem-specific funds like the VanEck Avalanche ETN, or the 21 Shares Solana Staking ETP fell in tandem with the underlying cryptocurrencies, while short-selling strategies such as Betapro’s Inverse Bitcoin ETF gained.

Another way to gauge institutional interest is to check Form 13F filings. An institutional investment manager who has investment discretion of $100 million or more must report holdings quarterly on Form 13F with the United States Securities and Exchange Commission. Only a subset of a fund’s investments need to be reported, and any positions in spot BTC do not need to be filed. However, crypto-related investment vehicles, such as trusts, are often disclosed in Form 13F.

Number of Unique Entities Mentioning “Bitcoin” in SEC filings, Monthly

This surge in institutional interest can be attributed to a number of factors, including the increasing acceptance of cryptocurrencies by mainstream financial institutions and the growing awareness of Bitcoin and other cryptocurrencies as a legitimate asset class. As institutional investors continue to recognize the potential of cryptocurrencies as a hedge against inflation and a means of diversifying their portfolios, it is likely that we will see further increases in institutional investment.

In addition, as regulatory frameworks for cryptocurrencies become more established, institutional investors may become more confident in their ability to invest in the cryptocurrency market without fear of legal or regulatory repercussions. This could lead to even more investment in the space, as institutional investors seek to capitalize on the potential upside of this emerging asset class. Overall, the increase in Bitcoin-related filings in 2021 highlights the growing interest among institutional investors in cryptocurrencies and suggests that the cryptocurrency market may continue to attract significant investment in the coming years.

Coin Metrics’ analysis of the SEC’s EDGAR database shows a significant increase in Bitcoin-related filings in 2021, indicating a growing interest among institutional investors in the cryptocurrency market. As the market continues to mature and become more regulated, it is likely that institutional investment in cryptocurrencies will continue to grow.

This article is an extract from the 70+ page Institutional Demand for Cryptocurrencies Survey co-published by the Crypto Research Report and Cointelegraph Consulting, written by multiple authors and supported by Flow Trader, sFox, Zeltner & Co., xGo, veve, LCX, Finoa, Lisk, Shyft, Bequant, Phemex, GMI.

Digital Asset Fund Performance YTD

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Crypto Research

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February 23, 2023

The cryptocurrency market has been on a rollercoaster ride over the past year, with a significant drop in total circulating market capitalization of digital assets. As a result, the performance of digital asset funds has been impacted, with ecosystem-specific funds falling in tandem with cryptocurrencies. However, actively managed diversified crypto funds have performed better, offering some relief to investors.

The last 12 months have been a massive destruction of the value in digital assets. The total circulating market capitalization of cryptocurrencies has dropped from $2.72 trillion on Nov. 11, 2021, to $795 billion on June 18, 2022, eradicating 71% of total dollar-denominated value, or $1.92 trillion.

Total Circulating Market Capitalization of all Cryptocurrencies

Digital asset fund performance reflects this dynamic accurately, as can be expected. Ecosystem-specific funds like the VanEck Avalanche ETN, or the 21 Shares Solana Staking ETP fell in tandem with the underlying cryptocurrencies, while short-selling strategies such as Betapro’s Inverse Bitcoin ETF gained.

More diversified crypto funds with active management did far better. Purpose’s Crypto Opportunities ETF outperformed the best passive cryptocurrency ETF and lost “just” 33.5% instead of VanEck’s Bitcoin ETN, which lost almost 53% of its value.

The largest fund by volume is still Grayscale’s Bitcoin Trust Fund, with $14 billion in AUM.

The cryptocurrency market has experienced a significant decline in the past year, impacting the performance of digital asset funds. While ecosystem-specific funds have fallen alongside cryptocurrencies, actively managed diversified crypto funds have fared better, demonstrating the benefits of a diversified portfolio. Despite the market turmoil, the largest fund by volume remains Grayscale’s Bitcoin Trust Fund. As the crypto market continues to evolve, investors must stay informed and adapt their investment strategies accordingly.

This article is an extract from the 70+ page Institutional Demand for Cryptocurrencies Survey co-published by the Crypto Research Report and Cointelegraph Consulting, written by multiple authors and supported by Flow Trader, sFox, Zeltner & Co., xGo, veve, LCX, Finoa, Lisk, Shyft, Bequant, Phemex, GMI.

How Ethereum Is Revolutionizing the Financial Industry

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Crypto Research

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February 22, 2023

Ethereum is a groundbreaking technology that has the potential to change the financial industry as we know it. Developed in 2015 by Vitalik Buterin, Ethereum is an open-source, blockchain-based platform that provides users with a decentralized system for building and using smart contracts and applications.

Ethereum allows developers to create their own digital tokens on its network (unlike other cryptocurrencies) without relying on a third-party or centralized exchange. With that came user adoption. During the peak of the bull run in 2021, Ethereum’s market capitalization exploded to a new all-time high, reaching a staggering $505 billion.

However, bull markets don’t last forever. Currently, we have entered the bear cycle—sending the whole market into a downward trend. Despite the current Ethereum price, its disruptive capabilities continue to make waves in the financial sector.

It’s no wonder why so many people are taking notice of this groundbreaking technology. Read on and find out how this technology is disrupting the financial industry.

Ethereum’s Role in the Financial Industry

Ethereum is quickly becoming a significant player in the financial industry as its technology has the potential to revolutionize traditional banking and finance systems. Ethereum provides users with a decentralized platform for building and using smart contracts and applications, which can process transactions much faster than conventional methods while offering a high-security level. That allows companies to process payments and transfers much quicker, reducing transaction costs and increasing efficiency.

What’s more, Ethereum also allows developers to create their tokens on its network without relying on a central entity. It means users can access all the benefits of blockchain technology while retaining complete control over their assets. As cryptocurrencies continue to gain adoption in the traditional financial sector, Ethereum will likely play an increasingly significant role in bringing innovative solutions to the financial industry. And providing users with more secure and efficient ways of managing their assets.

Ethereum is already revolutionizing the financial industry as we know it, but its capabilities are still just beginning to be explored. With Ethereum’s technology continuing to improve, we will likely continue to see more innovative solutions for the financial sector in the years to come.

Finally, Ethereum has also proven to be an excellent option for businesses looking to raise funds, with many startups successfully utilizing its blockchain technology for initial coin offerings (ICOs). These ICOs have not only served as an excellent way for businesses to raise capital quickly and easily. But they have also allowed users to invest in companies without the need for traditional financial intermediaries. Ethereum’s disruptive capabilities will continue to create a stir in the financial industry and beyond.

How Ethereum Is Disrupting Traditional Banking

Ethereum is disrupting traditional banking by providing a decentralized platform for transacting funds and assets. It eliminates the demand for intermediaries like banks and other financial institutions, allowing users to make fast, secure, and cost-effective transactions without paying hefty fees.

Smart contracts are at the heart of Ethereum’s disruption of traditional banking. Smart contracts are automated digital agreements that can be used to securely manage and process transactions over a peer-to-peer network between two parties without the need for an intermediary. These contracts provide users with faster processing times, increased security, and reduced transaction costs compared to traditional methods.

The Benefits of Using Peer-To-Peer Payments

Peer-to-peer payments are becoming increasingly popular as a payment method due to their convenience, security, and cost-efficiency. By removing the need for a traditional financial intermediary such as a bank, peer-to-peer payments allow users to make payments in real time regardless of the current price. Furthermore, peer-to-peer payments are also more secure, as they eliminate the need for a third party to access sensitive personal and financial information.

The ability to quickly and securely make payments without intermediaries makes peer-to-peer payments an attractive option for businesses and individuals alike. With Ethereum’s decentralized platform and smart contract technology, users can enjoy the benefits of these transactions without having to worry about centralized control or censorship.

Regulatory Issues Surrounding the Use of Cryptocurrencies Like Ethereum

The use of cryptocurrencies still needs to be regulated, which poses a range of challenges for those who use them. Firstly, given the lack of legal frameworks, cryptocurrencies are open to risk from malicious actors and fraudsters wanting to take advantage of their semi-anonymous nature. Similarly, there is no way to guarantee that you will process transactions promptly or that funds will be returned in case of a dispute.

Given these risks, governments and regulators worldwide have taken steps to ensure that cryptocurrency trading and investments are secure and compliant with existing regulations. For example, many countries now require users to register with a legitimate exchange before buying or selling cryptocurrencies. Similarly, some countries have even implemented taxation rules for cryptocurrency transactions in an effort to control the market better and protect investors.

Binance, the world’s largest cryptocurrency exchange, is an excellent example of a legitimate platform. They abide by various regulations to ensure the safety of customer assets.

What the Future Holds for Ethereum and Other Digital Currencies in Finance

It is clear that Ethereum and other digital currencies are here to stay. Despite the regulatory issues surrounding their use, cryptocurrencies offer a secure, cost-efficient way of making payments compared to traditional banking methods. As more governments worldwide recognize crypto’s potential for disruption in finance, we can expect these technologies to become increasingly commonplace over time. The future looks bright as the Ethereum network will continue revolutionizing how we make payments.

Insider Insight Interview with Silvia Ibarra, Head of Client Solutions at BBVA Switzerland

How Does Minting Work?

Next-level Minting with LFi

Ethereum’s Role in the Financial Industry

How Ethereum Is Disrupting Traditional Banking

The Benefits of Using Peer-To-Peer Payments

Regulatory Issues Surrounding the Use of Cryptocurrencies Like Ethereum

What the Future Holds for Ethereum and Other Digital Currencies in Finance

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