Crypto Trading Revenue May Double in 2018, Research Suggests By Cryptovest

Crypto Trading Revenue May Double in 2018, Research Suggests

Despite the recent market downtrend, income generated by cryptocurrency exchanges could more than double and hit $4 billion in 2018, new research from the investment management firm Sanford C. Bernstein & Co. suggests.

The paper, titled ‘Crypto Trading — the Next Big Thing is Here?’ and first reported by Bloomberg on Friday, found that cryptocurrency exchanges brought in an estimated $1.8 billion in income from transaction fees in 2017. While representing just about 8% of the income seen on traditional exchanges, the figure surpasses those of all other financial assets apart from global cash equities.

“As the crypto-asset class seasons and institutional demand builds, there are a plethora of opportunities for traditional firms,”

the analysts wrote.

The revenue growth could be attributed to the recent crypto price swings, with in…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Related Posts

Add Comment