CryptoCompare has caught up with representatives from some of the largest cryptocurrency exchanges in the space – including, OKCoin, Huobi, EXMO, and KuCoin – to get their thoughts on how the space is evolving, and what the future holds for cryptocurrency exchanges.
The crypto exchange representatives CryptoCompare spoke with revealed they believe decentralized exchanges (DEXs) are going to keep growing. 73% of respondents estimate these platforms’ current market share of 5% will increase over the next two years, while 23.1% said they believe DEXs market share will stay in the 5-10% range.
Despite the belief that DEXs will grow, 48% of respondents revealed they have no plans to build a decentralized exchange, while 32% conceded they “may build a DEX in the near future.”
We also found that crypto exchange representatives believe institutional investors and high-frequency traders will invest more in the space. 65.4% of respondents believe high-frequency trading will increase in crypto within two years.
Impressively, 92.3% believe there will be a rise in institutional investors investing in digital assets over the same period.
Source: https://www.cryptocompare.com/email-updates/daily/2020/oct/15/
