Pimco Considers Cryptocurrency Trading – Bits Media

Investment firm Pimco, asset manager for $2 trillion, is considering the possibility of trading cryptocurrencies on the derivatives market.

As Pimco Investment Director Daniel Ivasin told CNBC in an interview (Daniel Ivascyn), the company already invests in shares of companies, associated with cryptocurrencies. However, management also has an interest in trading digital assets on the derivatives market.

“We are considering trading cryptocurrencies as part of our trend trading and high frequency trading strategies. This requires high-quality fundamental analysis., so it will be a gradual process. We spent significant time discussing this decision with investors, so we will gradually dive into this fast-growing industry", – said Ivasin.

According to Pimco's investment director, cryptocurrencies can attract a new generation of investors, so the company needs to think through scenarios, in which it will be “competitive” in the cryptocurrency market.

Note, that Pimco is one of the largest companies in the investment arena. The company invests in a wide variety of products and areas, including alternative investment instruments, fixed income products and derivatives markets.

Earlier, billionaire and investor Carl Icahn noted, that Bitcoin can be a good tool for hedging inflation risks.