Currencies Replace Crypto at Forefront of Market Trading Chaos
- Volume on key FX platform is up 30% due to soaring dollar
- Bank revenues from foreign-exchange trade at multi-year highs
This article is for subscribers only.
The atmosphere at a conference of currency market professionals was markedly different from the previous few years: there was a buzz.
Senior executives from banks and brokers were feeling optimistic about the prospects of foreign-exchange trading at the recent gathering in Amsterdam. They’ve spent years eyeing the world of crypto with envy, as digital assets thrived in a highly volatile market, while traditional money remained dull.