Early this year, KPMG made a welcome development that will revolutionize how we know the crypto trading platform. The KPMG hype is mainly about adding Bitcoin and Ethereum to its treasury. It’s such a big deal because of the amount of authority KPMG commands. Imagine the world bank adopting cryptocurrency or some other financial institution adopting it. It’s such a big deal because let’s face it; the more people accept cryptocurrency, the more real it will be. This article will expound on who KPMG is, why they are so important, and how the KPMG hype will influence the crypto trading platform.
What is KPMG?
KPMG is well known and reputable. KPMG, an acronym for Klynveld Peat Marwick Goerdeler, is an international financial service network. What this means is that they offer diverse financial solutions in different situations. Several organizations and governments look up to KPMG for financial advice. Whether it be accounting solutions, tax, and legal advice, consultation, or even assurances services, KPMG has made a name for itself in this aspect. Operating in hundreds of countries, KPMG is no small organization.
Imagine an organization trusted by several countries and organizations for financial advice adding crypto to its treasury; it is a big deal. KPMG adding crypto to its treasury is bigger than Tesla buying Bitcoin. So, if you haven’t bought crypto yet or you’re contemplating whether to buy or not, KPMG adopting Bitcoin and Ethereum is a sign of good fate in the crypto industry.
How does KPMG adding Bitcoin and Ethereum to its Treasury influence the crypto trading platform?
The KPMG hype will influence the crypto trading platform in so many ways. In this section, we will be looking at four different areas influenced by the KPMG hype.
Attracts accredited investors
One of the most obvious areas you can expect significant growth with KPMG hype is attracting accredited investors. Investors are constantly seeking security in whatever they are investing in. Nobody wants to invest in anything illegal or something that the government will bring up regulations that will cause them loss. But with KPMG adding Bitcoin and Ethereum to its treasury, investors have a sense of assurance that their investment is secure, which means that the government or some organization will not come up with one regulation or the other that will limit its use.
Ease liquidity
Another area where you can expect changes with KPMG hype is the ease of liquidity. Many investors often face this issue as there are some restrictions on liquidating their crypto assets. For most investors to liquidate their crypto assets, they use any crypto trading platform of their choice. With KPMG hype, you can expect easier ways to liquidate crypto assets since some financial institutions, with the advice of KPMG, will add crypto like Bitcoin or Ethereum to their portfolio. With this, investors will easily buy and sell crypto directly to and from their fiat wallets.
Increase in Bitcoin and Ethereum price
We can also expect the KPMG hype to cause an increase in Bitcoin and Ethereum prices. When it comes to the crypto industry, its demand is the major determining factor for its price. The more demand for Bitcoin or Ethereum, the higher its price. The KPMG hype will cause an increase in demand for this crypto because more investors will want to purchase it now that KPMG is backing it up. Investors and organizations adding crypto to their portfolios on the advice of KPMG, amongst others, will spike the demand for Bitcoin and Ethereum. And when the demand for Bitcoin and Ethereum surpasses the supply, it will cause the price to increase.
Cross-border payment
Lastly, the KPMG hype will help promote cross-border payment. When it comes to making payments, especially international payments with fiat currencies, you may run into roadblocks like high transaction fees and tension from the other country, amongst other issues. While normally you can send crypto internationally, some countries may not allow you to send it due to sanctions and regulations, making it difficult to use crypto to make payment internationally on certain items. But with KPMG adding Bitcoin and Ethereum to its treasury, more international bodies will include them in theirs. Hence, you can make payments from one country to another without difficulty.
