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The Cambridge Alternative Finance Center (CCAF) published its second annual report on cryptoactives regarding the global growth that cryptoactives have had since the publication of similar research in 2017.
This year’s report, which was announced in July, has focused on mining, industry operation, storage and payment methods. In the first quarter of 2018, the total number of verified users doubled with respect to 2017. Among the most important points reached by researchers is the fact that millions of users have started to use cryptoactives in the last year. Proof of this are the 139 million accounts that the study says have been opened on various platforms providing services with cryptoactive. But most of these accounts host passive users, according to data from the exchange platforms studied (among which are Coinbase, Bitmex, among others).
Regarding the regulations of these platforms, only 5% of the exchange houses have licenses to operate in their jurisdiction, although 30% said they plan to request it. Despite self-regulatory efforts, government actions in regulatory matters have led to the closure of 38% of the change houses of cryptoactives due to strict regulatory actions throughout the world. In terms of storage, support for multiple cryptoactives in the platforms has doubled in 2018. Cryptoactives are increasingly connected to traditional finance due to the emergence and growth of platforms that link both systems.
In terms of cryptoactive mining, it is less centralized than is usually indicated. Thus, the power of mining has been distributed throughout the world, and the number of mining pools has increased in countries such as Canada and the United States.
The researchers behind this study were Michel Rauchs, Apolline Blandin, Kristina Klein, Dr. Gina Pieters, Martino Recanatini and Bryan Zhang, under the direction of Robert Wardrop. The objective of these investigations is to provide valuable information to the actors of the financial system, as well as regulators and the public in general, to provide meeting points to discuss.
Source: https://www.criptonoticias.com/
Learn more about the Blockchain world at icashweb.com.
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