Crypto Market Structure 3.0

Since December 2017, the crypto market evolved to a 2.0 iteration, growing from a market designed for individuals to one that’s institutionally accessible.

In the early 2010s, the crypto market consisted of a handful of small, retail-focused brokers. Over the last decade, the market has grown to over $15B of daily volume across spot, derivatives, and on-chain markets. Today, BTC sits among the most liquid assets in the world.

We’re in the early stages of the next structural evolution, from 2.0 to 3.0.