Do internal cryptocurrencies come to the stock market?

According to Tejarat News, according to the head of the stock exchange organization, by the end of the year, cryptocurrencies produced in the country are to be traded in the form of an investment fund.

Majid Eshghi explains: Regarding the transaction of cryptocurrencies in the Iranian Stock Exchange, suggestions have been made that the cryptocurrencies that were produced in the country should be traded in the form of an investment fund. We are trying to make the necessary plans for the stock fluctuation range before the end of the year.

Today, the total capital market index reached 1.2 million channels. It seems that in these bad market conditions, the head of the stock exchange organization has decided to support the stock exchange in another way.

Exchanging cryptocurrencies in the form of mutual funds can be a good idea, but in the current market conditions.

Over the past 10 months, mistrust has become a major concern for investors. On the other hand, the amount of market liquidity decreases every day and shareholders leave the stock market.

Now it seems that the stock exchange organization is looking for a new way to gain trust and increase liquidity in the market.

Good idea in bad time stock

“It can be a good idea to use the currency code in the funds,” Ali Assari, a financial markets expert, told Tejaratnews. But it’s a little late to implement this plan and it may not be a successful project.

He explains: At present, the trust of stock exchange shareholders has decreased. On the other hand, the cryptocurrencies also see a large outflow of liquidity. As a result, we can not hope for the future of this issue.

Assari continues: We have a long time until the implementation of this project. But it is clear that the capital market has focused on cryptocurrencies. Also, in recent weeks, the Rial code was introduced.

“This project could be a good idea, but not in the current market conditions,” he said.