The crypto market incurred one of the worst quarter performances over Q2 of 2022. All major cryptocurrencies fell hard during this period. Bitcoin [BTC] and Ethereum [ETH] headlined the steep decline of the state of the crypto market. The fall in asset prices has also resulted in a change in wealth distribution patterns across investors.
A falling giant
The Boston Consulting Group released a report on the future of crypto exchanges with Bitget and Foresight Ventures. The report attempts to capture the various aspects of crypto trading across the crypto market. Increasing crypto adoption and macro trends have led to a sharp rise in global crypto trading volume.
As per the report, the global centralized exchange volume reached $54 trillion in 2021. Historically speaking, spot trading volume strongly correlates with overall crypto market cap and volatility. The massive increase in volume is further reflects the growing interest in crypto assets. According to Goldman Sachs,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...