"Cryptocurrency Adoption Expected to Increase This Year... Trading Volume and Market Cap Show Significant Growth"
Son Min
Summary
- Matrixport announced that institutional adoption of cryptocurrencies is expected to increase this year.
- The market capitalization of cryptocurrencies has increased from $1 trillion to $3.3 trillion, while trading volume has grown from $40 billion to $400 billion.
- This is attributed to increased investor interest and expanded institutional investor participation.
Institutional adoption of cryptocurrencies is likely to increase this year as well.
On the 16th (local time), Matrixport stated via X that "the cryptocurrency market will continue to see increased adoption this year" due to "growing investor interest in cryptocurrencies." They further added that "the cryptocurrency market is experiencing a change with decreased weekend trading volumes," suggesting an increase in institutional investor participation who are primarily active during weekdays.
According to Matrixport data, the cryptocurrency market capitalization has surged from $1 trillion two years ago to $3.3 trillion. Trading volume has also increased correspondingly from $40 billion to up to $400 billion.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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