Cryptoassets are now impossible to ignore. We are seeing a wave of new entrants in the market such as security token platforms, stablecoins and even established financial services institutions that are launching crypto products and services.
Cryptoassets are worth paying attention to. In 2017, we saw crypto competing against financial products for investment dollars across the traditional asset classes of stocks, bonds, commodities and derivatives. The parabolic rise in market participants, coins, prices and market capitalization is still dwarfed by traditional asset markets, however, which are more than $300 trillion globally. Nevertheless, crypto continues to garner both good and bad press and the debate between supporters and detractors is far from settled. In 2018, we are seeing a wave of new entrants in the market such as security token platforms, stablecoins and even established financial services institutions that are launching crypto products and services. Cryptoassets are now impossible to ignore.
Bitcoin: The largest crypto by market capitalization has experienced an exponential increase in value since 2009, trading around $6,583 per Bitcoin as of September 30, 2018
Market capitalization: The total market capitalization of crypto is estimated at $211B
Retail participation: Coinbase users grew by 100,000 during the 2017 Thanksgiving weekend alone. The number of users on crypto exchange platforms is estimated to be greater than 30M.
Institutional participation: Major financial services institutions, such as Fidelity, are launching crypto products and services.
Cryptoassets: There are now more than 2,000 cryptoassets, which include newer types of assets, such as "stablecoins."
Fundraising: Initial coin offerings (ICOs) have raised $5.4B in 2017. In 2018, ICOs have already raised a staggering $14.2B6 as of August 29, 2018.
Financing: Venture capitalists have already invested $3.9B in blockchain and crypto companies in 2018. Security tokens: tZero obtains letter of intent for sale of $160M worth of tZero security tokens.