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15.12.18
Articles

Millions Of New Investors Came To The Crypto Market

Judge Business School – a part of the University of Cambridge – made a research, paying attention to mining crypto exchanges, crypto asset storage systems and crypto payments economy.
Business school Judge Business School, a branch establishment of the University of Cambridg, published the second annual report regarding cryptocurrency market economy, reports Bitcoin.com. The document is called «2nd Global Cryptoasset Benchmarking Study».
The previous issue – the first one – was published in April, 2017, not long before the crypto boom took place. Since that, the market ecosystem has seriously changed. American researchers tried to find out the main objective laws of the market, paying special attention to such areas of cryptocurrency economy as mining, cryptocurrency exchanges, means of strage of crypto assets and crypto payments economy.
Crypto economy is developing all over the world, however, the main drivers are North America, India, China, Western Europe.
The second report on the crytocurrency market contains a range of important conclusions among which the researchers highlighted the ones which they considered to be of most importance.
First of all, the experts note that millions of new users entered the market’s ecosystem. At the same time, at the moment most of them are passive and do not trade actively. However, if the market starts rowing again, all these investors will become active, too.
After surveying the suppliers of various crypto services, the researchers note that the number of users’ accounts currently exceeds 139 million, meanwhile, at least 35 million of users confirmed their accounts. The number of confirmed accounts is for times bigger than it was in 2017, it doubled during the first three quarters of 2018.
At the same time, the experts note that only 38% of users may be considered to be active, although the companies have different criteria for estimation of progress.
The experts also note that the companies who was working in one crypto economy direction earlier now develop connected directions actively. The companies are eager to be presented in different crypto market segments at the same time.
Thus, at the moment, 57% of crypto asset providers are presented in two or more crypto market segments. Obly 31% of companies did the same in the beginning of 2017.
The number of supported tokens grows rapidly. Earlier, the companies used to provide services supporting only one crypto coin, most often, it was Bitcoin, and now 84% of companies are trying to work with several crypto assets at the same time. It became possible to switch to multicurrency due to appearance of common standards on some of platforms (for example, Ethereum’s ERC-20).
The next conclusion made by the researchers is about mining companies. It turns out that most of them use to this or that extent electrical capacities got due to recyclable energy sources. Meanwhile, hashing means and pool operators are located all over the world. But the biggest number of operations is carried out in USA and Canada.
The last important conclusion made the experts reflects serious work of the market on self-regulation of the crypto industry. According to the experts, this means that the industry is maturing.