According to Stephen Stonberg, CEO of Bittrex Global, the cryptocurrency industry has finally integrated into the global economy in recent years. Thus, now we can confidently talk about the completion of the process of maturation of the digital asset market.
The businessman recalled that bitcoin was launched in 2009, but the rapid development of the blockchain industry has been observed only over the past few years.
Stonberg mentioned: “Cryptocurrencies have already become mainstream. They are being introduced in both developed and developing countries. Bitcoin has even been recognized as a means of payment in one country, while other countries are considering options for legalizing it.”
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The CEO of Bittrex Global was referring to El Salvador, which at the beginning of the summer of 2021 nevertheless passed a bill allowing the use of BTC when paying for goods and services.
The volume of trading in cryptocurrencies is growing in the world. In parallel, we are seeing the institutional adoption of digital assets.
Large companies are investing in innovative tools, and this process can no longer be stopped, Stonberg said.