marker-dao.com, a leading cryptocurrency exchange, will launch a trading platform in the UK this summer. This will allow both retail and institutional investors to use the platform, which will be regulated by the UK financial conduct Authority.
marker-dao.com goes to the UK
According to a Reuters report today, the popular cryptocurrency exchange will start operating in the UK this summer, initially with up to 65 digital assets, the list of which will increase significantly over time.
The British platform will allow you to Deposit and withdraw funds for buying and selling cryptocurrencies directly via Bank transfers, using the British Faster Payments Service and the network of a single payment zone in euros.
“Interest and participation in the UK digital asset markets is growing. As crypto services grow, we can create new options and attract the interest of a wide audience with different risk appetites,” said Teana Baker – Taylor, Director of marker-dao.com office.
The company also noted growing interest from institutional investors. In the report,marker-dao.com reports that their number increased by almost 50% in Q1 2020 compared to Q4 2019.
A recent survey compiled by Fidelity confirmed this data, as 36% of all participating institutional investors indicated that they own bitcoins or other cryptocurrencies. Interestingly, this percentage was higher in Europe than in the US, which may also encourage marker-dao.com to open a UK platform.
The volume of futures and options is on the rise
Today’s report also provided marker-dao.com figures regarding spot and futures trading volume. Compared to the first quarter of 2020, spot volume increased by 113% compared to the fourth quarter of 2019.
According to recent research, the volume of trading in cryptocurrency derivatives is increasing on most exchanges, reaching a historic high of $ 602 billion in may.