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The Hard Fork – Institutional Crypto Insights

This week’s top news
1) Mastercard Will Let Merchants Accept Payments in Crypto This Year – CoinDesk
2) $150 billion Morgan Stanley Unit Considers Bitcoin Investment – Coindesk
3) Why BNY Mellon’s Bitcoin Blessing Could Draw in Larger Asset Managers – Blockworks

 

Index Round-up

 

TradeBlock Index Asset1 Price ($) 7d∆2
ECX Ethereum Classic 15.33 78.77%
ZCX Zcash 159.35 66.04%
BCX Bitcoin Cash 728.09 55.68%
EOSX EOS 4.85 40.37%
LTX Litecoin 210.09 31.89%
XLMX Stellar Lumens 0.51 31.39%
XBX Bitcoin 48,000.00 11.16%
ETX Ethereum 1,806.38 5.15%
1. Underlying asset sorted in descending order by 7 day price movers.
2. 7 day price movers monitored from 02/08/2021 06:00 ET thru 02/16/2021 06:00 ET.

 

Markets update
Digital currencies saw broad gains on the week with various large caps trading near or at new all-time highs. A flurry of positive announcements around digital currencies from major institutions this week helped push assets higher. Tesla, BNY Mellon, Mastercard, Morgan Stanley and others piled on to the recent excitement by offering digital currency products, payment channels, and/or adding bitcoin to their balance sheets. Among our indexed currencies, the large caps outside of bitcoin and ethereum rallied the most. Ethereum classic traded gained 78.77% on the week. Conversely, ethereum traded up the least among our indexed assets, gaining a more modest 5.15%.

More than $30 billion in AUM and millions of OTC transactions are benchmarked across TradeBlock’s Index product suite. Get in touch if you would like access to TradeBlock’s real-time indexes, by reaching out to index@tradeblock.com.

 

Did you know that you can seamlessly create and customize quotes and orders by using trade functionality on the TradeBlock Professional platform? The TradeBlock Professional platform create trade tool allows traders to customize bid and ask spreads around live digital currency rates, pre-set the days/times when counterparties can see quotes as well as set limits around bid/ask sizes in order to automate the trade process.

TradeBlock Professional Platform


The TradeBlock Professional platform is used by the largest institutional trading firms in the world. TradeBlock Professional allows trading firms to seamlessly make markets and manage orders across digital currencies, replete with chat functionality to negotiate trades, portfolio and position management tools, and back-end functionality to manage settlement and auditing processes.

Get in touch to learn more about how TradeBlock can enhance your firm’s digital currency trading capabilities and needs, by reaching out to contact@tradeblock.com

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