Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a report on Bloomberg, Sanford C. Bernstein & Co. analysts pointed out the massive revenues of cryptocurrency exchanges in 2018 – comparing it to the faulty public sentiment of cryptocurrencies losing their sheen. The analysts noted the $4 billion profits posted by prominent digital asset exchanges indicate a lively trading market – evidence by $1.8 billion in Bitcoin trading fees alone recorded by crypto-bourses. Christian Bolu led the analyst report, estimating 8 percent of transactional fees equate to several billion for exchanges businesses. Also, only the traditional equity market surpassed such revenue figures. “The Next Big Thing” Meanwhile, infographic research displayed cryptocurrencies’ remain a drop in the ocean of traditional finance.

Like this article? Take a second to support us on Patreon!