Crypto Trading Volume To Increase 50% in 2019
The crypto market is in a bear market right now. Everybody knows that. However, despite this, the sector is expected to get a double-digit growth in trading in the next year as the enthusiasm of the traders will slowly come back.
According to a research made by the Satis Group, the crypto trading volume will grow 50% in 2019, a huge number indeed. The volume will be very significant in the United States and the trends show that there is a fair chance that crypto trading will reach 10% of the level in which the trading volume of equity trading is in the U. S. right now.
Currently, the estimates are that the volume of U. S. equities is about $74 trillion USD and crypto trading will be at $7.3 trillion USD at the end of 2019 is the research made by Satis is right.
Bitcoin Dominates the Market
Bitcoin will continue to dominate the market in the future. At the moment, Bitcoin is in 33% of the trading pairs in the market while Tether is on 22% and Etherum ranks third with 12%. The USD ranks first in the fiat currency pairs, with 48% of the market. The Japanese Yen is second with 27% and the Euro is third with 9%. The South Korean won is also relevant with 7%.
It was also expected that exchange trading fees will increase as the market develops. They will generate a lot more than the $3 billion USD that they will do in 2018 or the $2.1 billion USD in 2017, maybe even reaching $4,5 billion USD. However, it is unclear whether the percentage will increase or decrease with the use (or if they will stay the same).
Largest Exchanges Will Get Most of the Money
If Bitcoin will be the king in 2019 again, so will be the major exchanges of 2018. The research indicated that there is a great probability that the exchanges that are more popular today will continue to get most of the fees.
The growth will not be equally shared by the companies and the bigger ones will tend to grow more than the smaller ones because they will be more prepared and established now. Some of the top exchanges include Binance, Bitfinex, Bithumb, Bitmex, Coinbase Pro, HitBTC, Huobi and OKex.
Binance, for instance, has 14% of all the trading volume while OKEx gets 12% and Huobi, 9%.