According to data from CoinDesk, the number of financial intermediaries making money out of cryptocurrencies is increasing rapidly, with the number up from 0.1% in the first quarter of 2017 to nearly 5% in April 2018.In the first half of 2018, a total of 14% of all financial intermediary firms reported earnings from cryptocurrency trading.This…
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Discover the secrets of the world’s most innovative financial institutions
A new study finds that the vast majority of institutions around the world are in the process of being transformed into new, low-cost, global financial services hubs, while still being in the business of buying, selling and trading money.The study, published in the journal Financial Innovation, looks at how many of the largest financial institutions…
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