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20% of financial firms like banks and hedge funds are looking to trade cryptocurrencies soon, survey finds

Kate Rooney

One in five financial firms, ranging from hedge funds to the biggest banks, are considering trading digital currency in the next three to 12 months, according to a new Thomson Reuters survey published this week. The news is a sign of improving sentiment and should be "very positive" for bitcoin prices, Brian Kelly, founder and CEO of BKCM, says. This could be the year cryptocurrency trading gains momentum within financial firms, including hedge funds and trading desks at Wall Street's biggest banks, according to a new survey.