Sector Overview

Cryptocurrency Markets – Sector Analysis Overview

The cryptocurrency market is fast approaching a 1 trillion ($1,000,000,000,000) USD market cap, with a total capitalisation that has peaked over 700 billion ($700,000,000,000) USD. This growth has been exponential in nature. This trend is expected to continue, as cryptocurrency adoption becomes increasingly mainstream.

As of writing there are more than cryptocurrencies in circulation, with an average of more than one cryptocurrency being created each day. The increases in market capitalisation are also reflected in trading volume across major exchanges. In 2017 the average 24 hour trading volume across the entire market was 120 million ($120,000,000) USD. In early 2018 the average 24 trading volume was already approaching 50 billion ($50,000,000,000) USD, similar to the New York Stock Exchange.

P2P Markets – Industry Analysis Overview

Since Bitcoin’s inception in 2009, P2P exchanges have been a key instrument in its dissemination and popularity. Trade volume for Bitcoin has increased exponentially alongside the overall cryptocurrency economy. The week starting 23rd of December 2017 saw over 130 million ($130,000,000 ) USD worth of Bitcoin change hands via Localbitcoins.com – comprising the largest week of P2P trade in Bitcoin’s history.LocalBitcoins.com currently hold the title of the world’s largest P2P Bitcoin exchange. LocalBitcoins.com has no plans as of writing to support additional cryptocurrencies.

Localbitcoins.com trading volume USD:

LocalBitcoins.com yearly revenue:

2013
2104
2015
2016
2017
Volume $USD
68,438,277
271,865,628
412,561,009
742,237,090
2,135,865,172
Exchange Revenue
684,383
2,718,656
4,125,610
7,422,371
21,358,642