Wall Street will inevitably be trading …

Wall Street will inevitably be trading …

Bitcoin will inevitably be traded on Wall Street – Former JPMorgan executive

Former JPMorgan executive Amber Baldet believes that major banks will soon start trading cryptocurrencies. She stated this in a conversation with CNBC. In her opinion, this may happen even earlier than many might imagine..

Baldet led JPMorgan’s blockchain business before stepping down in April. Goldman Sachs, another major Wall Street bank, recently officially announced plans to launch a cryptocurrency trading service. Last week, JPMorgan himself announced its intention to develop its own strategy in the field of cryptocurrencies..

At the same time, Baldet highlights a number of critical issues that stand in the way of wider adoption of cryptocurrencies in the banking industry. Among the main problems that still prevent institutional investors from expanding in this area, she mentioned the lack of regulatory certainty and sufficiently secure solutions for holding assets. At least large banks do not yet have such solutions. However, the situation in this area is changing for the better. Last week Nomura and Coinbase announced the creation of similar products..

Baldet also spoke about her new position since leaving JPMorgan. Former Wall Street Bank Top Manager Joins Clovyr Startup, Developing Storage Solutions for Decentralized Applications on Blockchain.

Wall Street will inevitably be trading ...

“Currently, there is no mechanism to explore this area. Google does not exist for searching applications. The ability to search for applications helps a lot, but our product also includes the ability to create them, ”she said..

Baldet has a wealth of experience in developing blockchain solutions. She was a key member of the team behind its own blockchain platform, JPMorgan Quorum. In March it became known that JPMorgan could open a separate company to work on its blockchain project.

Wall Street will inevitably be trading ...

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