New survey: At least 56 finance firms will buy crypto within six months

The crypto market continues to rise. On Tuesday afternoon, one bitcoin cost as much as $9.410 at one point, which is the highest price since mid-March.

The question now is whether a recoil will come, or if this is the beginning of a longer positive trend. This may be a case of the latter, at least if you believe a new survey by the news provider Thomson Reuters.

The survey shows that several big financial institutions are planning to trade cryptocurrencies shortly, writes the news website Quartz.

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56 new financial players

About one in five institutional financial firms are planning to “start buying and selling digital tokens” within the next year, according to the survey. And as much as 70 percent of those who plan to do so in 2018 are going to do it within three to six months.

This means that at least 56 new financial players will enter the crypto market in some form by October.

It’s 400 Thomson Reuters users that have participated in the survey. However, exactly which firms that have participated in the survey is not disclosed, writes Quartz.

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