11 Aug '17, 11am

Why Bitcoin exchanges are struggling to win investor confidence

“It’s the Wild West, it’s very much early days still,” said Richard Johnson, a market-structure analyst at Greenwich Associates who specializes in blockchain. Johnson agreed that the time and complexity of moving digital currencies from one exchange to another is “not acceptable” given how modern investors operate, and that while Gemini, Coinbase’s GDAX and other U.S.-based exchanges have strong know-your-customer procedures, more needs to be done. “If people want to get serious about this for real banking transactions, it needs to be better and easier to use.”

Full article: https://www.bloomberg.com/news/articles/2017-08-11/bitcoi...

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