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What will the cryptocurrency trade be in 2019? Trends of cryptotrading 2018-2019



$ 4 billion – exactly such a profit is expected in late December by cryptocurrency exchanges over the past twelve months. Compared to 2017, this figure has doubled, according to a report by Sanford C. Bernstein & Co.

The study also indicated that information about the decline in interest in cryptocurrency trading is greatly exaggerated. Expert opinions of digital assets exchanges and the main development trends for the near future. What awaits cryptocurrency traders in 2019?

Trends of 2018 on cryptocurrency exchanges

The report “Crypto Trading – the next big step is near?” Is a futuristic document for the coming year. Thus, in addition to increasing profits for exchange activities in the form of a commission of up to $ 4 billion compared with $ 1.8 billion for 2017, it is expected that new institutional investors will enter the market, who previously bypassed the cryptocurrency industry.

Cryptocurrency sites earned about $ 2 billion through commissions. This amount is 8% of the earnings of classical exchanges. Based on these indicators, Bloomberg journalists conclude that in the context of the segments, only the global business of ordinary shares has bypassed the trade in cryptocurrencies.

“Wall Street is not particularly active in the direction of the new digital currency market. Because of this, Coinbase may soon become impregnable for competition, because it is already supported by traditional banks, ” say analysts at Sanford C. Bernstein & Co.

The development of cryptocurrency exchanges and asset demand is growing, users are becoming much smarter and more rational in their actions with their assets. This was stated by the representative of the decentralized crypto exchanger Deex Peter Gruber.

“The passive attitude of users to cryptocurrencies is changing. People are beginning to think, to choose their position on trade, to participate in the process of buying and selling. We collected data and found that at least 80% of people who are passionate about trading are not limited to one platform , ”says Gruber and adds that trading tactics have become very popular.

In addition to the increased interest among traders and their abilities, professionalism and the level of cryptocurrency exchanges themselves have increased. The sites began to take a more serious approach to security issues, to pay attention to the interface and design of the platform, although problems regarding the execution of transactions have not yet been resolved, says Xena Exchange Operations Director Konstantin Fin.

“The crypto market is very young, it is still developing. Exchanges have become much better, but most of the sites are still too simple, have limited functionality and do not allow traders to realize all the ideas that they have. Unfortunately, almost 50% of the total daily volume of crypto-trading accounts for one contract. Now the offer is severely limited , ”says Fin.

Development of decentralized exchanges

The choice of trading platform for the user is still one of the most basic issues. Today, two types of stock exchanges are active:

In the near future they promise to introduce hybrid (HEX) platforms. However, the greatest number of questions arise to the development of decentralized exchangers.

Representatives and supporters of DEX are confident that the future lies precisely with these exchanges. Peter Gruber of Deex says that decentralized platforms are a whole direction that will be actively developed. After all, it is DEX-platforms that eliminate the shortcomings that are present on the centralized exchanges: the presence of third parties in the conclusion of transactions, security issues and the speed of currency conversion.

“Perhaps the only minus of DEX is in complex development. Decentralized sites save user data much more reliably. These exchanges are more comfortable for people , ”adds Gruber.

There is an opinion that different exchanges are fighting for the client. However, Konstantin Finn from centralized Xena Exchange believes that the platforms do not compete for traders, since the centralized and decentralized exchanges have different functionalities, which means different users.

“DEX and CEX are not competitors among themselves. And I think that it makes no sense to decentralize the exchange. It makes sense to decentralize the storage of client funds. In a classical economy, the assets of customers and the accumulation of the company are stored separately, and this is normal.

DEX rather not even exchanges, and decentralized high-loaded exchangers . They will definitely develop, get their audience. Moreover, this audience will not overlap with the audience of other platforms, ” Fin comments and adds that all types of exchanges will develop at an accelerated pace and attract their users.

Eternal problem – lost password

The constant trend despite the increasing level of development of traders is the loss of confidential data. The exchanges receive daily messages that a regular user has forgotten the password from the cryptocurrency wallet or the crypto platform itself.

The representative of the EXMO centralized exchange Maria Stankevich said that the problem of freezing or loss of assets remains open not only because of hacker attacks, but also because of human inattention.

“All problems with the theft of funds are often associated with the actions of the users themselves. Despite the large number of mailings, constant messages and warnings about the need for two-factor authentication, people neglect security.

Clients use the same password for the mail for the exchange. According to our statistics, two-factor costs only for 15% of users. People trade in big money, but still do not put protection. In most cases, the same password that was recorded, for example, on the phone, is lost, and the user loses entry to the exchange , ”says Stankevich.

Peter Grubber from Deex agrees with this opinion. Exchange customers do not pay attention to the recommendations of the representatives, as they are engaged in trading and earnings.

“Users still lose passwords and do not understand that their security is very important. Despite the educational process we are conducting with respect to our clients, data is still lost. Unfortunately, no one is immune from this. It all depends on people , ”says Gruber.

Prospects for crypto trading in 2019

All interviewed representatives confirmed the trend to increase interest in trading with traders. Major players have begun to enter the market, who are pushing the industry forward with their investments.

In addition to the whales, knowledgeable users have appeared in the industry, regularly studying the trading of digital assets and their specifics, which differs from fiat investments.

People began to get involved in the process, look for new ways of transactions, analyze more, compare indicators. Such a move in the direction of smart transactions will give impetus not only to the development of a particular stock exchange, but also the industry as a whole, experts are sure.