Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS).
This is the fifth instalment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, we’ll investigate cryptocurrency adoption.
Cryptocurrencies are clearly growing in terms of size, scale and types of offerings, which altogether indicates the growing importance and influence they have on the traditional financial system.
They may have begun life being traded by only a select few computer programmers, but since the introduction of Bitcoin futures in 2017 and the subsequent introduction of other derivative products, culminating in the Bitcoin spot ETF launch in January 2024, more investors are taking notice of this innovative asset class.
At the core of the fourth industrial…
