REUTERS/Dado Ruvic/file photo Acquire Licensing RightsLONDON, Sept 5 (Reuters) - Regulated financial exchanges are talking about how to capitalise on interest in crypto, an industry group said on Tuesday, but a third of respondents to its latest survey said they had no plans to offer the asset class.
Exchanges said they were concerned about a lack of uniform regulatory standards, market volatility and the potential for cybersecurity risks relating to crypto assets, a report from the London-based World Federation of Exchanges (WFE) said.
Some 38% of the exchanges the WFE surveyed have established, or plan to establish, working groups to focus on crypto-related assets or services.
Just over a quarter of respondents said they expect crypto assets to become mainstream in the near future, the WFE said.
Mainstream financial institutions have long expressed interest in the potential for blockchain - the technology behind cryptocurrencies - to be used in the process of issuing and trading traditional financial assets.
Persons:
Dado, Crypto, Nandini Sukumar, Elizabeth Howcroft, Tom Wilson, Jan Harvey
Organizations:
REUTERS, Federation of Exchanges, Deutsche, Switzerland's SIX, London Stock Exchange, Thomson
Locations:
London