Bitwise Global Research Director: The Bitcoin market has changed a lot recently and should ease the concerns of regulators

According to Barrons, Matt Hougan, director of global research at Bitwise Asset Management, said the Bitcoin market has changed dramatically recently, which should alleviate regulatory concerns. “The bitcoin market has traditionally been unregulated and has no traditional market surveillance technology,” said Hougan. But in January 2018, the New York Department of Financial Services issued a request for a Bitcoin exchange. Monitoring technology is required. Currently, 6 of the 10 major Bitcoin exchanges have the same technology as the Nasdaq and NYSE. Therefore, although this is different from national securities regulation, these exchanges are regulated by the state. Hougan has important market surveillance.” Hougan also pointed out that Bitcoin’s trading volume has grown significantly, reaching $1 billion a day, making it harder for any player to manipulate prices.