Guy Hirsch is the US Managing Director of the popular eToro crypto trading platform.
EToro crypto trading will change finance: Leggi qui l’articolo in Italiano
In an interview with Cryptovest, he said that cryptocurrency trading “has just started” and “will change the way the financial industry is currently working”.
Speaking of how he sees relations with the world of traditional finance he replies: “We think crypto assets will completely transform traditional finance. From payments to credit markets to contracts, this technology will make things better, faster, cheaper and more trusted.
The different blockchains vary in terms of scalability, efficiency and trust, but we have even a longer way to go when it comes to use cases, interfaces and adoption. Having said that, all those will evolve over time…”
According to Hirsch, there are some differences between the European and American approaches.
For example, different government attitudes will lead to obvious differences in the way traders operate in cryptographic asset markets.
Different tax systems may also have an impact on market prospects.
Hirsch replies that the main selection criterion for adding new cryptocurrencies to trading on eToro is liquidity.
“There is strong demand for new crypto assets on our platform – he explains – but the supply side is the issue.
Before we list new crypto assets we want to make sure that there is sufficient liquidity from multiple liquidity providers.”
Indeed, the liquidity of these markets is still one of the main problems, if major cryptocurrencies such as Bitcoin and Ethereum are excluded.