Yeah when I heard about this a year back I assumed it would be very bullish because it would bring tons of money into the crypto market. However whenever we got news that it was finally a reality and trading would be allowed, nothing happened. And the price is still not exploding due to this news.
I think the people who wanted to own bitcoin already did in alternate ways and those that want to buy bitcoin won’t do it now but only when bitcoin breaks ATH. Many believe Bitcoin is dead right now because it’s trading sideways for many months.
Yes, but all things considered this is a positive thing when the market sentiment will turn bullish. The more possibilities users have to purchase crypto the better.
We want to promote decentralisation of onramping as much as possible to limit of possibilities of one exchange taking the whole market with it.