RATE Group | Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence
39347
post-template-default,single,single-post,postid-39347,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

19 Aug Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

Posted at 23:53h in Cryptocurrency News by

[ad_1]

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’…

[ad_2]

Source link

Tags:
, , , , , , ,