Sanford C. Bernstein: ‘Crypto Trading Revenue May Double’

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Amid a cryptocurrency market downturn, institutional investor interest continues to take rise. Reported Aug. 17, investment firm Sanford C. Bernstein has predicted that crypto exchange revenue will double by the end of 2018. Wall Street Catching Up to Crypto New York-based investment firm Sanford C. Bernstein & Co. analysts have forecasted that cryptocurrency exchange revenue will double to nearly $4 billion this year, reports Bloomberg. In a report, titled “Crypto Trading – the Next Big Thing is Here?”, Bernstein analysts wrote: “As the crypto-asset class seasons and institutional demand builds, there are a plethora of opportunities for traditional firms” Led by Christian Bolu, Bernstein analysts estimated that cryptocurrency trading generated $1.8 billion in transaction fees for the largest exchanges in 2017. This figure represents only 8 percent of the revenue recorded by traditional exchanges but continues to grow. Meanwhile, institutional investor interest is on the rise, as Wall