JP Morgan surveyed more than 4,000 institutional traders as part of its eTrading survey. It found that 78% had no plans to trade cryptocurrencies, up from 72% last year. The number of active traders increased to 9% (8% in 2023).
The megabank also asked about which technologies would likely have the most impact. Blockchain only garnered a 7% vote, while 61% see AI as having a major impact. In contrast, the two technologies were neck and neck at 25% in 2022.
Stepping back, as an asset class, crypto is the most likely to have an impact on blockchain tech adoption in trading. It would be interesting to get the opinion of staff in the back office, where blockchain’s role is more significant for traditional assets. Secondary market trading of tokenized securities tends to happen in a more conventional manner.
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