Additionally, the CoinShares chairman said there has to be a "token life cycle" after an ICO has completed its final rounds. He also stressed the need for better customer service by providing a higher level of "clarity", increased transparency, and "better expectations." Notably, CoinShares was the first financial services company to introduce Bitcoin and Ethereum funds which could be traded on a public platform.
Notably, Masters commented that only just three years ago, the level of interest around cryptocurrencies was far less than what it is now. In 2015, there were about 650 people who showed up for Consensus, but in 2018 more than 8,000 people attended. Clearly, many more people are now aware of blockchain and cryptocurrencies, but Masters thinks that Bitcoin "is still [in its] very early [stages]."
"In derivatives, indices, pricing models and so on that go on around [in creating financial infrastructure]...We're nowhere near that part yet. We're not even at the part yet where I'd say institutional investors even started in commodities. Because these things — indexation, custody and so on — aren't there to bring in those bigger people just yet."The financial infrastructure for the cryptocurrency market might not be there yet, however, the rate of ongoing development in this evolving industry continues to increase. Social trading and multi-asset brokerage firm eToro has now expanded into the US markets by offering a cryptocurrency trading platform. Remarkably, eToro was able to raise $100 million in funding, which it is now using to establish itself in the United States. The company has set up shop out in New Jersey and there's already a waiting list of users eagerly wanting to use the company's crypto services.
Clearly, there's a growing level of interest in the cryptosphere and it's not showing any signs of slowing down. This, along with steady improvements to crypto-related technology which are happening as I write this, will likely contribute to a very large cryptocurrency market capitalization...well into the multi-trillion dollar range (in my humble opinion which is shared by several experts).
