State Street Corporation – Another major step towards institutional adoption

Today, UK based startup Pure Digital [announced]( a new partnership with State Street Corporation (#15 US bank by size) to create a digital currency trading platform aimed at institutions.

The platform, claimed to be “unique on its kind”, is expected to deliver a fully automated, “wholesale” and Interbank OTC market to trade Bitcoin and other digital assets, with “physical delivery” and bank custody, launching by middle 2021.

Institutional adoption is one of the biggest steps left for criptocurrencies towards general adoption, and is claimed to be the main driving force of the current bull run. Major banks and companies are constantly announcing Crypto asset acquisitions and this new platform, with several major banks participating, could be a great catalyst for mass adoption.

Is institutional adoption a necessary evil or the greatest enemy of cryptocurrencies?

View Reddit by LordHenkerView Source


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