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The “exponential” growth in Bitcoin’s trading volume corresponds to that of other important assets

June 2, 2020

“All facets” of Bitcoin (BTC) trading volume are growing exponentially and could match those of the most important asset classes, says a new report.

Coin Metrics’ State of the Net, launched on June 2, draws attention to Bitcoin transactions and raises some surprising numbers BTC / USD exceeds $ 10,000.

“Exponential” growth of BTC volume in all sectors

According to Coin Metrics, it is difficult to calculate the volume measurement for the top cryptocurrency the different types of exchanges and platforms connected in space.

The “exponential” growth in Bitcoin’s trading volume corresponds to that of other important assetsThe “exponential” growth in Bitcoin’s trading volume corresponds to that of other important assets

“The fragmentation of billing in the Bitcoin ecosystem prevents direct evaluation Market size, “concludes the report.

“Institutions wishing to enter the room must first examine the landscape and determine which exchanges, markets and assets they are comfortable with.”

However, the future of Bitcoin is very promising.

Coin Metrics summarizes that “all facets of Bitcoin’s transaction volume have experienced exponential growth and if they are maintained, they will rise to a level similar to the big asset classes. “

Cryptocurrency and Fiat trading volume. Source: coin metrics

Cryptocurrency and fiat money market volume. Source: CoinMetrics

$ 5 million a day in Bitcoin?

Contain individual numbers a volume of $ 5 million a day only on major stock exchanges. According to the report, this is the best answer for an institutional buyer how much capital to allocate in Bitcoin.

“For an institution that is interested in using it fresh capital in the industry, The trading volume on the Bitcoin spot markets is perhaps the most relevant as it is quoted on the main exchanges at $ 5 million a day, “he says.

“With this trade volume, an institution that doesn’t want to exceed 1 percent of the total trade volume could expect to spend $ 5 million a day on capital.”

Existing institutional services such as Bitcoin futures and options, Always collect new records both in terms of volume and open interest.

Futures that “lead” other price indicators It is a key sign Cointelegraph Markets’ analyst, Filbfilb, told traders on Tuesday that he should take care of it at short notice.