It is no secret that cryptocurrency is one of the hottest topics being discussed in the world today. They are continuing to attract a large number of investors in many parts of the world, thanks to the record surge of Bitcoin, and other well-known digital currencies last year. A lot of companies are experiencing explosive growth in revenue due to a surge in crypto-asset trading.
Crypto-assest trading remains robust on so many platforms. The launch of Bitcoin futures on CBOE: the world’s largest options exchange and the leader in product innovation, options education and trading volume, and on CME: the world’s largest derivatives exchange, has been considered as a major achievement in bringing cryptocurrency to the mainstream. This will allow investors to have plenty of options to bet on Bitcoin using more traditional financial vehicles.
Today, the process of moving money across businesses, customers, and governments work through a number of intermediaries and middlemen. Cryptocurrencies came about as a means to cut the middleman by creating new currencies which didn’t involve any monetary institutions and avoid the unnecessary interchange fees.
One of the biggest names in Silicon Valley, Peter Thiel is placing a moonshot bet on cryptocurrency, by investing hundreds of millions of dollars. John McAfee, a Cybersecurity agent has also recently predicted that Bitcoin might reach $500, 000 by the end of the year, 2020.
With China’s largest Bitcoin exchange, BTCC reallocating to Japan and South Korea (the second largest cryptocurrency market in the world), investors now have more to look forward to. The emergence of large-scale cryptocurrency exchanges will lead to an exponential growth rate of local cryptocurrency markets in both Japan and South Korea.