Cryptocurrencies craze reached Wall Street

The American trading company Jane Street Capital has reported that it daily concludes bargains for $13 billion with use of such tools as ETF, stocks, futures, exchange goods, options, bonds, currencies, and now also bitcoin.

"The trading volume on all products was $5,6 trillion in 2017" — the representative of the company has said, having added: "Jane Street works from 56 000 names worldwide where the wide range of classes of assets enters, including bitcoin".

The company doesn't specify, how exactly works with bitcoin. Possibly, it is about futures, calculations for which happen in cash, but not about original purchase and sale of cryptocurrency.

The trading volume on futures for bitcoin has increased this month – about 3 000 contracts against 1 000 in February.

Also the DV Trading company specializing in futures and fined $5,7 million for fictitious transactions has reported about the interest in cryptocurrencies.

The market maker of Virtu Financial serving over 19 000 securities also has reported about the interest.

All of them have begun to work with the tools tied to rates of cryptocurrencies after start of futures for bitcoin in December of last year.

It is possible that these companies use also other tools which haven't gained distribution in the traditional market yet. Says their interest in arbitration of cryptocurrencies about it.

"Profitability of such transaction can sometimes make 10%" — Toby Allen from the Akuna Capital company says. "For the trader this such fascinating space, especially against the background of traditional assets".

Jane Street has in turn reported that it will open for itself new cryptocurrency derivatives if such appear in the market.

"Jane Street always adhered to the weighed approach concerning trade opportunities and will continue to do it" — the company explains. "As there will be new cryptocurrency products, we expect to take part".

Earlier it became known that on Gemini cryptocurrency exchange new cryptocurrencies, in particular Bitcoin Cash and Litecoin can be added that can become an important step for release of new cryptocurrency tools as already now the Chicago exchange of options uses data of this trading floor for payment under the futures for bitcoin.