JP Morgan released its latest e-Trading survey results of 835 institutional traders. The survey covered fixed income, currency and commodity traders and found that 72% have no plans to trade cryptocurrencies. Around eight percent are already trading, and the remaining 20% plan to start trading within the next five years.
The survey also asked which technologies would be the most influential in the next three years. Last year’s survey ranked AI and blockchain/DLT as neck and neck at 25% each (after mobile trading apps). In contrast, AI has streaked ahead this year at 53%, with blockchain/DLT a distant third at 12%.
JP Morgan’s CEO Jamie Dimon has been a crypto critic for years. He reiterated his criticism last month, saying, “Bitcoin is a hyped up fraud, a pet rock.” However, he is a supporter of blockchain technology and the bank has its Onyx division focusing on digital assets and payments.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
