Crypto Trading Revenue May Double in 2018, Research Indicates

Recent research from Sanford C. Bernstein & Co. suggests that cryptocurrency exchanges could see their income more than double to reach $4 billion in 2018, despite a recent downturn in the market.

The study, titled “Crypto Trading — the Next Big Thing is Here?”, revealed that cryptocurrency exchanges generated approximately $1.8 billion in transaction fees during 2017. While this amount only accounts for about 8% of the income generated by traditional exchanges, it surpasses the earnings of most other financial assets, except for global cash equities.

The analysts noted that as the cryptocurrency asset class matures and institutional demand increases, there are numerous opportunities for traditional firms to explore.

The anticipated revenue growth can be linked to the recent volatility in cryptocurrency prices.