In 2018 the income of crypto-currency exchanges can grow more than doubled – to $4 billion this is stated in the analytical report Sanford C. Bernstein & Co.
According to the authors of the report, the decline in cryptocurrency market are unlikely to affect the profitability of trading platforms.
Last year trade bitcoin and other cryptocurrencies has brought to the largest cryptobia $1.8 billion of income – about 8% of the revenue of the traditional exchanges.
Estimates for 2018 are based only on the fees. From the point of view segments only global business ordinary shares bypassed cryptotrading.
“As the formation of scriptaction as a class and the growth of institutional demand and offer many opportunities for traditional companies, including asset management, stockbrokers and custodial services,” the authors report.
While the giants of wall street such as Goldman Sachs Group Inc. and JPMorgan Chase, began to develop a new business, the conventional financial industry refers to the cryptocurrency with caution because of the uncertainty in regulation and price volatility – December the exchange rate of bitcoin has fallen by about 67%.
Because of these concerns, the American crypto currency exchange Coinbase, supported by a traditional banks, stock exchanges and venture capital, can achieve “enduring competitive position”, which will continue as long as wall street becomes more involved in this market, analysts say.
While traditional companies are unlikely to trade cryptocurrency in the near future due to concerns related to the regulation and money laundering, made to Sanford C. Bernstein & Co.