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Sanford C. Bernstein and Co. An Investment Management Compan...
Cryptocurrency News

Sanford C. Bernstein and Co. An Investment Management Company Predicts That Crypto Trading Revenue Will Double in 2018 Despite Bearish Market

Crypto prices have observed confounding feature and afterward experienced bearish occasions in the past years. Most traders have made a living out of it while others have lost huge amount of money from it.

Cases when firms had hailed crypto as the next big thing has also been observed in this industry, but majority still thinks the industry will not surpass it’s current stage, so they referred to it as bubbles and scams.

Nonetheless, crypto exchanges has undoubtedly benefited from the growing industry. In the sense that, they always make profits whether the market is in a bearish or bullish state, because no matter what happens, traders and investors would still make transactions in one way or the other.

Exchanges made nearly $2 billion a year ago as cryptos turned out to be more prevalent than any time in recent memory, and keeping in mind that the market has been very bearish this year, this pattern isn’t going to be switched. An analyst from Sanford C. Bernstein and Co. stated the above experiment.

In a recently published article by the firm, they have predicted that crypto exchange owners would see double earning in crypto trading this year 2018 as more people and funds have found their way into the system and that crypto exchanges could end up being an imposing adversary to traditional financial services firms.

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