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Crypto Trading Volume to Rise up by 50% in 2019

The crypto trading market has seen a decline in the recent months since its peak in January 2018. The fresh report from a research conducted by Satis Group, however, gives a bold comment on the future of crypto trading volume. According to the research, the trading volume will grow by over 50% in 2019.

Bitcoin has had a dominance in the market with a base pair for 33% of all the crypto volume trade across the globe followed by Tether at 22% and Ethereum is third at 12%.

The research also asserted that the volume of cryptocurrencies trade in the U.S. will overtake the trading volume of corporate debt this year. The current volume of U.S. asset is estimated to be over US$74 trillion while that of crypto trading is US$7.3 trillion.

For the fiat currencies, United States dollar holds the biggest share of the market as a base pair at 48% followed by the Japanese yen at 27%. This should not be surprising if the exchange trading fees increase with the growth in the crypto trading volume. The amount is expected to raise more than US$3 billion in 2018 as the last year exchange trading fees generated a figure of US$2.1 billion.

Sherwin Dowlat, the key researcher of the report added the comment, “Assuming blended fees based on the volume of the top 20 exchanges by size, we estimate over $2.1B in trading fees gathered last year across global exchanges. We estimate this number to grow to well over $3B in 2018.”

The growths in trading fees will be shared out amongst the existing exchanges and will be favoured for the larger firms as more than three-quarters of the total trading volume in the crypto market goes to the leading 20 exchanges which include exchanges ranked in the top 20 category categories such as Binance, Bitfinex, Bithumb, Bitmex, Coinbase Pro, HitBTC, Huobi and OKex.