Here's 1 Piece of Good News for Ethereum. But Is It a Buy?
After its price fell by 23% during the past three years, holders of Ethereum (CRYPTO: ETH) are understandably quite hungry for any signs that better times are ahead.They're in luck. But is one piece of good news enough to make the coin worth buying again? Let's break down what just happened and what it could portend for its future.For big financial players to use Ethereum, they need a lot more than the average retail investor to hold and trade it. On that note, on March 11 a subsidiary of the Deutsche Boerse, Germany's largest stock exchange, said that it would begin offering the ability to hold Ethereum as well as Bitcoin in its custody for its institutional clients. The exchange plans to offer additional cryptocurrency services, like holding stablecoins and tokenizing real world assets in the near future; its clients will be able to start using its Ethereum custody services in April.Continue reading
After its price fell by 23% during the past three years, holders of Ethereum (CRYPTO: ETH) are understandably quite hungry for any signs that better times are ahead.
They're in luck. But is one piece of good news enough to make the coin worth buying again? Let's break down what just happened and what it could portend for its future.
For big financial players to use Ethereum, they need a lot more than the average retail investor to hold and trade it. On that note, on March 11 a subsidiary of the Deutsche Boerse, Germany's largest stock exchange, said that it would begin offering the ability to hold Ethereum as well as Bitcoin in its custody for its institutional clients. The exchange plans to offer additional cryptocurrency services, like holding stablecoins and tokenizing real world assets in the near future; its clients will be able to start using its Ethereum custody services in April.
