Cryptocurrency Trading Volume to Grow 50% in 2019, New Study Says

Cryptocurrency Trading Volume to Grow 50% in 2019, New Study Says
фото показано с : bitcoinist.com

2018-9-24 17:00

A new study on cryptocurrency trading and custody trends holds that digital currency trading is going to grow by 50 percent in 2019 while overtaking the US Corporate Debt trading volume in 2018.

Measurable Growth

A study called Crypto Asset Market Coverage Initiation: Trading & Custody reveals that cryptocurrency trading volume is about to grow further.

The research shows that digital currency trading volume will overtake the US Corporate Debt trading in 2018. It’s also on track to comprise about 10 percent of US Equity trading volume. The paper also indicates that the overall trading volume is going to grow by 50 percent in 2019, providing an overall Compound Annual Growth Rate (CAGR) of 9 percent through 2028.

It’s also worth noting that 75 percent of the cryptocurrency market trading volume takes place on the top 20 exchange accounts.

Bitcoin a Key Component

The paper also shows that Bitcoin (BTC) is the de facto reserve currency for all cryptocurrencies, serving as the base pair for roughly one-third of the entire global trading volume.

Tether (USDT) occupies the second place with 22 percent while ETH 00 brings up the rear with 12 percent.

The findings are somewhat expected as Bitcoin is the predominant market leader, accounting for over 52 percent of the entire capitalization of all cryptocurrencies, according to data from CoinMarketCap.

Despite the fact that new altcoins are popping up constantly, Bitcoin’s dominance continues to increase. Interestingly,  some suggest that this not only shows its strength but is also a historic sign that price is consolidating.

Bitcoin (BTC) 00 marks a slight increase of about 2 percent in the last week. It’s also trading in the green on the monthly chart, with a 1 percent increase over the past 30 days.

What do you think of the new study on cryptocurrency trading? Don’t hesitate to let us know in the comments below!

Images courtesy of Shutterstock

The post Cryptocurrency Trading Volume to Grow 50% in 2019, New Study Says appeared first on Bitcoinist.com.

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 1.1961 (-100%)

trading volume cryptocurrency grow study new 2019

Источник: bitcoinist.com

trading volume → Результатов: 126


Фото:

Solana & Other Top Coins Lose Trading Volume, Market Interest Down?

On-chain data shows Solana and other top cryptocurrencies have seen a decline in trading volume recently. Here’s what this says about the market. Solana, Bitcoin, And Ethereum Trading Volumes Have Declined Over Past Month According to data from the on-chain analytics firm Santiment, the cryptocurrency market’s trading volume has been declining since its peak in […]

2024-4-11 23:00


Chancer seizes the moment as meme trading volume dips

Currently, one CHNACER toke is going for $0.011. The price is expected to rise to $0.012 in the next presale stage. The trading volume of the top meme coins on August 4 dropped by about 8%. The new decentralized predictive market-making platform is seizing the moment with its CHANCER presale while a majority of popular […] The post Chancer seizes the moment as meme trading volume dips appeared first on CoinJournal.

2023-8-4 14:38


Most of Bitcoin’s Trading Volume is FAKE: Time to Wake the F*** Up?

Hands up, anyone who is surprised that a little-known crypto exchange that apparently had the largest bitcoin trading volume on CoinMarketCap has been exposed as a wash trading scam platform. In the world of crypto where apparently everyone made it to Lamboland during the 2017 bull run, and absolutely everybody knew when to sell, no one will admit that they have been played.

2019-3-24 19:54


Crypto Market May Be Sailing In A Sea Of Red Today, But BTC Trading Volumes Are Reaching Record Highs

Coinmarketcap’s trading volume has reached a 300-day high concerning crypto volume trading, totaling $33.85 billion. The increase in treading volume seems to be due to a surge by the top 10 digital currencies, which make up over 90% of total trading volume in the crypto industry. As for the underlying cause of the surge, some […]

2019-2-24 18:50


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru