Analysts predict revenue growth of kryptomere 2 times

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Analyst firm Sanford C. Bernstein & Co. presented a report that predicted the possibility of revenue growth kryptomere 2 times this year.

Analysts believe that the market decline will not affect the revenues of the exchanges, and they will grow to $4 billion by the end of the year.

For 2017 the largest cryptocurrency exchanges have earned $1.8 billion, representing approximately 8% of the revenues of exchanges with traditional assets. Analysts believe that the income exclusively from the fees will grow by more than two times.

“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”, — said the authors of the report.

Analysts also noted that the traditional financial system still doesn’t trust cryptocurrencies because of their volatility and regulatory uncertainty. They added that at the moment most reliable exchange is Coinbase, as it is supported by traditional financial institutions.

The analysts do not see the potential in the near future the arrival of the traditional financial companies in the cryptocurrency market due to the above reasons.

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