eCom21: Bitcoin exchanges state of the market 2015
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Transcript of eCom21: Bitcoin exchanges state of the market 2015
Jon MatonisFounding Director
Bitcoin Foundation
Bitcoin Exchanges:State of the Market
2015
Why Is Bitcoin Important?
“MoIP”: Money over Internet Protocol
Bitcoin Network Computational Power
Bitcoin Has Controlled Supply
Bitcoin Transaction Volume
Why Are Bitcoin
Exchanges So Important?
XBT: Proposed ISO 4217 Currency Code
Foreign Exchange Data Feeds Quoting XBT
Benefits of Bitcoin Exchanges
● Stability - Increased liquidity reduces price volatility
● Access - Exchanges provide a bridge from national fiat currencies
● Risk Management - Exchanges with margin trading, futures, or options provide critical hedging opportunities
Bitcoin Exchange Statistics
Current Leading Bitcoin Exchanges
Exchange Volume (Annual)
Exchange Volume (Monthly)
Exchange Volume Distribution
Record Day October 30th, 2015
Daily Bitcoin Trading Volume
Bitcoin Derivatives Exchanges
● Orderbook● BitMEX● LedgerX● Crypto Facilities● SolidX Partners● TeraExchange● Alt-Options● Bitnomial● Cryex● Coinut
BitfinexMagnr
Futures/Options
Margin Trading
OrderBook
BitMEX
What Does The Future Look
Like?
It’s All About Liquidity
Future Prospects
● Business models for value transfer that exploit the Bitcoin Blockchain will become prominent (Epiphyte, Abra, Align Commerce)
● Private blockchains, such as the bank trials, will begin to realize that the unparalleled security of the Bitcoin Blockchain is critical to their success
Market Capitalization
Impact on Bitcoin Exchanges
● More distinct lines drawn between leading global exchanges versus local/regional exchanges
● Sophisticated operators enter the space expanding the product offering to include various derivatives, such as futures, options, and swaps
● Evolution towards a collateralized broker/member model to better manage counterparty risk
Leading Bitcoin Price
Indices
CoinDesk BPI (Bitcoin Price Index)
Bitcoin Price Indices
● CoinDesk BPI
● TradeBlock XBX
● BitcoinAverage
● WinkDex
The Future
Thank You!
Twitter: @jonmatonisEmail: [email protected]