BANK OF AMERICA ANALYSTS CRYPTOCURRENCY REPORTS

Updated: 10/18/2017 14:52
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Find our the results of latest reports from Bank of America Merrill Lynch concerning the potential impact cryptocurrencies may have on the market
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Find our the results of latest reports from Bank of America Merrill Lynch concerning the potential impact cryptocurrencies may have on the market

According to analysts at Bank of America Merrill Lynch, the potential shift of global brokerage companies to offers of products related to crypto-currencies can have a big impact on the market.

In the October research note entitled "The introduction of digital currencies. What are they for? ", analysts took bitcoin seriously, as well as other crypto-currencies such as Etherium and XRP. The note examines the main aspects of the market and the growing space of open blockchain networks currently operating.

It is noteworthy that the note touches upon possible factors that could affect the future progress of the crypto-currency market, including financial products based on technology.

At this stage, bank analysts believe that this step taken by broker companies who will start offering such services to their customers can affect both the overall liquidity of the market and the market capitalization of the corresponding crypto currency.

Last year, a number of measures were taken to create investment products related to crypto-currencies, and firms such as CBOE reported plans for participation in the emerging ecosystem. Nevertheless, regulators in the United States are not responding well to such proposals so far.

And, according to analysts at Bank of America, it is not yet clear how the market will develop in the coming months.


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