University of Cambridge Report: Here’s What it Says About the Crypto Industry

The University of Cambridge released its second crypto-asset report in December 2018. The report contains an in-depth analysis of the cryptocurrency market, along with critical findings on the evolution of the industry and various structural changes that have occurred through the years.

Millions of New Users, But Most Still Passive

The report pointed out a vital aspect, that despite a reduction in the total market cap, the crypto market continues to grow, with over 35 million new user accounts being registered. The IronX Exchange is built on the grounds that many people want to foray into the crypto trading sphere, but are hesitant to do so due to complexities in the existing exchanges and trading platforms. This is why many remain passive. The report proves that despite high user registration, only 38% have actually started trading actively.

IronX wants to provide a simple, user-friendly and secure platform, with features that suit both beginners and experts. This platform can attract more people to the crypto market and positively influence market liquidity.

Key Highlights of the Cambridge Report

Cambridge University’s second Global Cryptoasset Benchmarking Study has highlighted many interesting facts about the crypto industry. At first, it finds that all the talk regarding the demise of Bitcoin is totally exaggerated. In fact, the study found that 57% of companies offer Bitcoin and Ethereum integrated support to customers, while cross-segment expansion has increased to facilitate diversification in payment methods.

Multi-coin service providers stood at 47% of all service providers in 2017, which increased to 84% in 2018. Compared to other coins, the study revealed that Bitcoin’s median on-chain transaction size has been growing consistently since 2016.

The report also specifies that in 2017, the crypto industry was a bubble, primarily due to extensive media coverage. However, it is too soon to disregard the potential of the coin with the largest market cap.

The crypto industry is maturing at a rapid rate, with an increasing number of self-regulatory initiatives. Market players are defining new rules that comply with existing country-specific regulatory frameworks to a large extent. This, combined with the emergence of sophisticated technologies that are safer, will help the market flourish in the coming years.

A Greater Connection to Traditional Financial Gateways

The report states that the crypto-asset ecosystem is becoming more and more connected to traditional finance, with growth in the creation of gateways built on regulatory clarity, which connects both the fiat and crypto worlds. However, fiat-to-crypto trades are still only allowed on a handful of exchanges, of which IronX is the world’s first fully regulated crypto exchange.

The IronX exchange has partnered with EmurgoHK to create an exchange ecosystem built on DLT licensing. This will provide users an operationally efficient and highly secured environment for trading fiat-to-crypto and vice versa. IronFX Group, the global multi-asset broker, will seamlessly blend with the exchange to facilitate diversification of trading portfolios.

The Cambridge report has been prepared after surveying 180 global entities across 47 countries, covering 75% of the global economic activity in digital assets. If you notice the transition of the report from “cryptocurrency” in 2017 to the “crypto asset” in 2018, it shows that the digital asset sector continues to grow and branch out.