A leading online brokerage firm, Firstrade Securities, is diving head-first into the world of cryptocurrencies and the rapidly expanding business of crypto trading.
President Joe Biden speaks during a meeting with Treasury Secretary Janet Yellen and Vice President Kamala Harris in the Roosevelt Room of the White House, March 5, 2021, in Washington, D.C.
The move is symbolic of the tremendous push into cryptocurrency adoption by major firms and the appetite that investors have for owning a piece of the $2 trillion industry. "The momentum we've seen in the last year is truly incredible," Thomas Hayes, Chairman of Great Hill Capital, told FOX Business. "Companies are beginning to see the value of incorporating crypto into their business models and many are already seeing big benefits.
A sticker advertising Dogecoin on a cryptocurrency automated teller machine at a laundromat in Hong Kong, China, on Friday, March 18, 2022.President Biden signed an executive order in March, calling on the government to examine the risks and benefits of cryptocurrencies. Some industry experts worry that over-regulation will lead to a stifling of the industry and traders are hoping that more adoption before that time will encourage a more positive outcome.
"What Firstrade is doing is taking the first step to bring cryptocurrency trading into the mainstream," NYSE trader Tim Anderson told FOX Business. "Expect others to follow."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Groundbreaking Crypto Listings in Denver and BeyondLook inside the $12M Denver pad that could be a crypto groundbreaker.
Read more »
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month – Market Updates Bitcoin NewsCrypto trade volumes in April dropped, and lower than average trade volumes typically suggest overall interest has declined.
Read more »
Two Argentina-based banks add crypto trading to their platformsBanco Galicia, one of the largest private banks in Argentina, and digital bank Brubank have both added new crypto features.
Read more »
Alcohol delivery service looks to expand services to MontgomeryDippi launched in Birmingham first, and they look to soon offer services in Montgomery.
Read more »
Gold Price Analysis: XAU/USD eyes last week’s lows at $1872 as focus turns to Wednesday’s Fed meetingSpot gold (XAU/USD) prices trade firmly on the back foot at the start of the first trading day of May, with prices last trading lower by just under 1.
Read more »