Bitcoin trading needs bank liquidity, says Saxo chief

Lars Seier Christensen, Saxo co-founder and chief executive, talks about bitcoin

lars-seier-christensen-saxo-2009
Lars Seier Christensen

Digital currencies will not gain significant traction until banks are willing to take on a market-making role in, and support the formation of, liquidity in currencies such as bitcoin.

Bitcoin has seen a spectacular rise in popularity over the past year, despite several exchanges specialising in the currency failing to survive.

Tokyo-based MtGox, the world's largest bitcoin exchange, filed for bankruptcy in February this year, blaming hackers and its own inadequate technology infrastructure. The

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