Seven Takeaways from Ibinex Global Cryptocurrency Report

Cryptocurrency exchange software provider Ibinex recently published its Global Cryptocurrency Market Report, that presents a thorough summary of the state of the industry worldwide.

With prices and regulations endlessly shifting and more than two thousand coins to choose from, and 19 countries talking about launching their own national cryptocurrencies, it is sometimes important to get a general picture of what is going on.

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1. Why is cryptocurrency so popular?

The report begins by explaining what cryptocurrency is exactly, and why it is popular, citing distrust of the financial system and the fact that the US dollar, the world’s pre-eminent fiat currency, has lost approximately 80% of purchasing power over last 40 years.

In January of 2019, the market capitalisation of all cryptocurrencies reached approximately $800 billion, before falling to $417 billion in February of 2018. As of now, this figure is $219.9 billion, according to coinmarketcap.com.

The…