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The Cryptocurrencies Market Landscape: A New Frontier

The Cryptocurrencies Market Landscape: A New Frontier

Aite Group forecasts the total trading value of cryptocurrencies to be just over US$1 trillion in 2018.

Boston, July 11, 2018 – Bitcoin has failed to gain much attention and adoption for its original purpose, which is to serve as a digital cash payment system replacing the fiat currency payment system. But both trading volume and market cap of bitcoin have grown dramatically over the past few years and have led to an entirely new market of tradable instruments, which are collectively known as cryptocurrencies. With rapid price appreciation and an increase in total market cap, cryptocurrencies have quickly emerged into a new asset class that nobody can afford to ignore.

This report examines the landscape of the emerging cryptocurrencies market, details the trading mechanisms of cryptocurrencies on exchange and OTC venues, and identifies this market’s challenges and opportunities. It is based on qualitative interviews conducted from February to May 2018 with six executives from cryptocurrency exchange venues, cryptocurrency OTC trading firms and wallet service providers in the U.S., and one key individual heading up cryptocurrency investment products at a global asset management firm. 

This 34-page Impact Report contains 13 figures and five tables. Clients of Aite Group’s Institutional Securities & Investments service can download this report, the corresponding charts, and the Executive Impact Deck.

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This report mentions Bitfinex, bitFlyer, Circle Trade, Coinbase, DRW Cumberland, Gemini, Genesis Trading, Kraken, Linedata, Octagon Strategy, Trading Technologies, and XBTO Group.