Crypto Trading Revenue May Double in 2018, Research Suggests
Cryptovest
Published Aug 18, 2018 05:16PM ET
Updated Aug 18, 2018 06:20PM ET
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...
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